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 4 Assets urrent Assets $ 12.550 cash 13,356 Accounts Recevable 3,392 Prepaid Insurance 29,298 otal Current Assets roperty, plant and Equipment 64.872 Land Buildings 112,148 ess : Accumulated Depreciation Buildings 48,336 48,336 87344 Equipment ess: Accumulated Depreciation Equipment 19,843 19.843 otal Assets Liabilities and Stockholders' Equity urrent Liabilities $ 10,070 Accounts Payable 3,816 Interest Payable lotes Payable Current Portion $ otal Current Liabilities ong-Term Liabilities Notes Payable 99,216 otal Liabilities tockholders' Equity Common Stock 63,600 Retained Earnings 42.400 otal Stockholders' Equity stal Liabilities and Stockholders' Equity $ e Textbook and Media List of Accounts