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name: q1: as an accountant, you were provided with the following balances: the oceanx company,...

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Accounting

Name: Q1: As an accountant, you were provided with the following balances: The OceanX company, December 31, 2022 Debit Credit Cash 5,000 Accounts Receivable 3,000 Supplies 1,000 - Equipment 8,000 Accumulated Depreciation-Equipment $4,000 Accounts Payable 3,000 Note payable 1,000 Common Stock 3,000 Retained Earnings (1//1//2022) 3,500 Dividends 2,000 5,000 Service Revenue 1,000 Interest Revenue Supplies Expense 1,600 Depreciation Expense 400 Rent Expense 3,500 From the balances of above, how much is: (a) The net income for this company (b) The ending balance of retained earnings (c) The total of current assets

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