These items are taken from the financial statements of Sheffield Corporation for 2022. ...
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Accounting
These items are taken from the financial statements of Sheffield Corporation for 2022.
Retained earnings (beginning of year)
$34,870
Utilities expense
2,180
Equipment
69,870
Accounts payable
19,960
Cash
11,460
Salaries and wages payable
4,110
Common stock
12,000
Dividends
12,000
Service revenue
70,780
Prepaid insurance
4,610
Maintenance and repairs expense
1,620
Depreciation expense
3,370
Accounts receivable
13,360
Insurance expense
2,430
Salaries and wages expense
39,780
Accumulated depreciationequipment
18,960
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Your answer is correct.
Prepare an income statement for the year ended December 31, 2022. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
For the Year Ended December 31, 2022
Retained Earnings Statement
select an opening name for section one
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