Current Attempt in Progress These items are taken from the financial statements of Novak Corporation for 2022. Retained earnings (beginning of year) $33,570 Utilities expense 2,110 Equipment 68,570 Accounts payable 22,410 Cash 13,640 Salaries and wages payable 6,780 Common stock 12,000 Dividends 12,000 Service revenue 72,160 Prepaid insurance 7,280 Maintenance and repairs expense 1,690 Depreciation expense 3,100 Accounts receivable 15,810 Insurance expense 2,700 Salaries and wages expense 41,160 Accumulated depreciation-equipment 21,140