Your answer is partially correct. These items are taken from the financial statements of Cullumber Company at December 31, 2022. Buildings Accounts receivable Prepaid insurance Cash Equipment Land Insurance expense Depreciation expense Interest expense Common stock Retained earnings (January 1, 2022) Accumulated depreciation-buildings Accounts payable Notes payable Accumulated depreciation-equipment Interest payable Service revenue $112,148 13,356 3,392 12,550 87,344 64,872 827 5,618 2,756 63,600 42,400 48,336 10,070 99,216 19,843 3,816 15,582 CULLUMBER COMPANY Balance Sheet December 31, 2022 Assets Tent Assets ash 12.550 Accounts Receivable 13.356 trepald Insuran 3,392 Current Assets $ 29,298 perty. Plant and Equipment and 64,872 uildings 112,148 Accumulated Depreciation Buildings 48.336 63.812 quipment 87,344 st: Accumulated Depreciation Equipment 19,843 67,501 196,185 al Assets 225,482 Liabilities and Stockholders' Equity Total Assets $ 225,48 Liabilities and Stockholders' Equity Current Liabilities Accounts Payable $ 10,070 Interest Payable 3.816 Notes Payable Current Portion 99,216 Total Current Liabilities $ 13.8E Long-Term Liabilities Notes Payable 99,21 Total Liabilities 99,21 Stockholders' Equity Common Stock 63,600 Retained Earnings 42.400 Total Stockholders'Equity 112,3 Total Liabilities and Stockholders' Equity $ 225,4