These items are taken from the financial statements of Bramble Corporation for 2022.
Retained earnings (beginning of year)
$35,660
Utilities expense
2,140
Equipment
70,660
Accounts payable
20,260
Cash
13,950
Salaries and wages payable
7.360
Common stock
12,000
Dividends
12,000
Service revenue
71,380
Prepaid insurance
7.860
Maintenance and repairs expense
1.660
Depreciation expense
3,100
Accounts receivable
13,660
Insurance expense
2,700
Salaries and wages expense
40.380
Accumulated depreciation-equipment
21.450
(a1)
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)).