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Problem #7 Mars Inc.'s account balances for the month ending December 31, 2021 included: Cash...

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Accounting

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Problem #7 Mars Inc.'s account balances for the month ending December 31, 2021 included: Cash dividends Cash Accounts receivable Land Sales Office supplies Office equipment 8,000 117,000 48,000 1,100,000 375,000 4,400 82,300 Accounts payable Rent expense Utilities expense Retained earnings, December 1 Common stock Salaries expense Miscellaneous expenses 14,900 45,000 4,580 70,000 600,000 215,000 5,200 Required: Prepare an income statement for the month ended December 31, 2021 for Mars, Inc. Mars, Inc. Income Statement For Month Ended December 31, 2021 Net Income

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