On December 31, 2018, Ditka Inc. had Retained Earnings of
$279,800 before its closing entries were prepared and posted.
During 2018, the company had service revenue of $180,100 and
interest revenue of $87,300. The company used supplies in the
amount of $93,900, advertising expenses were $17,600, salaries and
wages totaled $20,100, and income tax expense was calculated as
$16,100. During the year, the company declared and paid dividends
of $7,200.
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