The following data were taken from the accounting records of Lorenzo Company. Except where indicated, the balances are as of December 31, 2011 before closing entries have been made.
Service Revenue - 29,000
Retaines earnings - January 1, 2011 - 37,260
Salaries Exepnse - 12,500
Other Operating expense - 6,700
Common stock - 43,000
Cash Flow from operating activities - 8,400
Dividends - 2,000
insurance expense- 800
Rent Expense - 6,000
Unearned revenue - 3,600