Cornhusker Company provides the following information at the end of 2024:
- Cash remaining: $4,800
- Rent expense for the year: $7,000
- Land that has been purchased: $21,000
- Retained earnings: $12,400
- Utility expense for the year: $4,900
- Accounts receivable from customers: $7,200
- Service revenue recognized during the year: $37,000
- Salary expense for the year: $13,300
- Accounts payable to suppliers: $2,200
- Dividends paid to shareholders during the year: $3,200
- Common stock that has been issued prior to 2024: $16,000
- Salaries owed at the end of the year: $2,400
- Insurance expense for the year: $3,500
- Retained earnings at the beginning of the year: $7,300
No common stock is issued during 2024.