Problem 2-02A (Part Level Submission)

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

Retained earnings (beginning of year)		$33,800
Utilities expense		2,160
Equipment		66,300
Accounts payable		20,560
Cash		13,750
Salaries and wages payable		6,640
Common stock		21,800
Dividends		12,000
Supplies		3,600
Debt investment (long-term)		5,600
Trademarks		1,900
Service revenue		71,700
Prepaid insurance		7,140
Maintenance and repairs expense		1,640
Depreciation expense		3,270
Accounts receivable		15,160
Insurance expense		2,530
Salaries and wages expense		40,700
Accumulated depreciationequipment		21,250

(a1)

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).)

IVANHOE COMPANY Income Statement choose the accounting period For the Month Ended December 31, 2022December 31, 2022For the Year Ended December 31, 2022
select an opening name for section one DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues
enter an income statement item		$enter a dollar amount
select an opening name for section two DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues
enter an income statement item	$enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
enter an income statement item	enter a dollar amount
select a closing name for section two Dividends Expenses Net Income / (Loss) Retained Earnings, January 1 Retained Earnings, December 31 Revenues Total Expenses Total Revenues		enter a total of the five previous amounts
select a closing name for this statement DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues		$enter a total net income or loss amount