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These items are taken from the financial statements of Oriole Company for 2022. Retained earnings (beginning...

These items are taken from the financial statements of Oriole Company for 2022.

Retained earnings (beginning of year) $33,200
Utilities expense 2,130
Equipment 64,500
Accounts payable 20,100
Cash 14,450
Salaries and wages payable 4,470
Common stock 21,900
Dividends 12,000
Supplies 3,700
Debt investment (long-term) 5,900
Trademarks 2,200
Service revenue 70,700
Prepaid insurance 4,970
Maintenance and repairs expense 1,670
Depreciation expense 3,290
Accounts receivable 15,280
Insurance expense 2,510
Salaries and wages expense 39,720
Accumulated depreciation—equipment 21,950

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).)

Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase retained earnings first.)

Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase retained earnings first.)

Prepare a classified balance sheet as of December 31, 2022. (List Current Assets in order of liquidity.)

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ekkarill92 answered 2 years ago
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