Orange Ltd. had the following account balances at December 31, 2021: Account...

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Account Name	Amount
Repair expense	$1,375
Advertising expense	800
Prepaid expenses	1,200
Dividends	3,675
Purchase of intangibles	900
Cash (end of year)	52,250
Deferred revenue	1,375
Owner's capital	24,000
Accounts payable	18,625
Prepaid insurance	1,800
Collections from customers	45,650
Insurance expense	2,300
Contributions by owners	15,000
Accounts receivable	22,075
Cash (beginning of year)	6,775
Retained earnings (beginning of year)	3,700
Interest expense	750
Business licence	60
Payment of dividends	3,675
Website design	840
Service revenue	17,450
Cash received from debt	25,000
Income tax expense	2,600
Supplies	1,125
Supplies expense	350
Payments to suppliers	35,600
Bank loan payable, due in 2025	25,000
Website expense	650
Income tax payable	1,700

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