Current Attempt in Progress

These items are taken from the financial statements of Wildhorse Co. for 2022.

Retained earnings (beginning of year)		$33,820
Utilities expense		2,160
Equipment		63,900
Accounts payable		16,060
Cash		13,950
Salaries and wages payable		5,910
Common stock		23,500
Dividends		12,000
Supplies		3,900
Debt investment (long-term)		5,800
Trademarks		2,400
Service revenue		71,100
Prepaid insurance		6,410
Maintenance and repairs expense		1,640
Depreciation expense		3,330
Accounts receivable		13,630
Insurance expense		2,470
Salaries and wages expense		40,250
Accumulated depreciationequipment		21,450

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).)