Question 41 View Policies Current Attempt in Progress These items are taken from the financial statements of Sunland Company at December 31, 2022. Retained earnings (beginning of year) Utilities expense Equipment Accounts payable Cash Salaries and wages payable Common stock Dividends Service revenue Prepaid insurance Maintenance and Repairs expense Depreciation expense Accounts receivable Insurance expense Salaries and wages expense Accumulated depreciation-equipment $26,800 2,900 54,900 15,400 15,700 3,300 14,000 13,100 80,500 3,500 1,700 3,600 14,000 3,000 45,400 17,800 Prepare an income statement for the year ended December 31, 2022. SUNLAND COMPANY Income Statement $ Prepare a retained earnings statement for the year ended December 31, 2022. (List items that increase retained earnings first.) SUNLAND COMPANY Retained Earnings Statement List of Accounts Prepare a classified balance sheet as of December 31, 2022. (List Current assets in order of liquidity.) SUNLAND COMPANY Balance Sheet Assets Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity List of Accounts