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Current Attempt in Progress These items are taken from the financial statements of Drew Corporation for the year ending December 31, 2022: Retained earnings (beginning of year) $33,000 Utilities expense 2,000 Equipment 56,000 Accounts payable 15,300 Cash 15,900 Salaries and wages payable 3,000 Common stock 13,000 Dividends. 14,000 Service revenue 78,000 Prepaid insurance 3,500 Maintenance and Repairs expense 1,800 Depreciation expense 3,300 Accounts receivable 14,200 Insurance expense 2,200 Salaries and wages expense 47,000 Accumulated depreciation-equipment 17,600 Prepare an income statement for the year ended December 31, 2022. DREW CORPORATION Income Statement 65