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Zunish Inc. had the following account balances at December 31, 2021: Account Name Amount Collections from customers $64,935 Cash received from debt 16,000 Maintenance expense

Zunish Inc. had the following account balances at December 31, 2021:

Account Name Amount
Collections from customers $64,935
Cash received from debt 16,000
Maintenance expense 2,755
Accounts payable 23,515
Rent expense 4,800
Purchase of intangibles 1,160
Deferred revenue 1,650
Office supplies 2,135
Payment of dividends 5,000
Contributions by owners 7,000
Cash (beginning of year) 33,500
Income tax payable 2,250
Office supplies expense 1,240
Retained earnings (beginning of year) 18,375
Prepaid expenses 2,400
Utilities expense 875
Website expense 750
Prepaid rent 1,500
Website design 1,100
Interest expense 1,200
Owner's capital 19,000
Accounts receivable 32,645
Cash (end of year) 56,350
Service revenue 39,370
Bank loan payable, due in 2025 16,000
Income tax expense 7,350
Business licence 60
Payments to suppliers 58,925
Dividends 5,000

Using the above information create the following: income statement, statement of retained earnings, balance sheet and the statement of cash flows. Then use the information to answer the following questions.

1)

What is Total Operating Expenses on this company's single step income statement?

2)What is Profit before Income Tax (also called Income before Income Tax) on this company's single step income statement?

3)What is Profit (also called Net Income) on this company's single step income statement?

4)What is ending Retained Earnings on this company's statement of retained earnings?

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