Question

This information relates to Oriole Company for the year 2022. Retained earnings, January 1, 2022 $73,700 Advertising expense 1,980 Dividends 6,600 Rent expense 11,400 Service revenue 63,800 Utilities expense 2,700 Salaries and wages expense 33,000Prepare an income statement for the year ending December 31.

Answer 1

• Income Statement 2022: $14.720

• Retained Earnings Dec 31 2022 : $73.700 - $6.600 + $14.720 = $81.820
• Dividens : $6.600

Step-by-step explanation:

Income Statement December 31 2022.

• Service Revenue $63,800
• Salaries and Wages Expenses - $33.000
• Advertising Expenses - $1.980
• Rent Expenses - $11.400
• Utilities Expenses - $2.700
• ====================================
• TOTAL = $14.720

• Dividens : $6.600

• Retained Earnings : $73.700 - $6.600 + $14.720 = $81.820