Johnson Hospital, a publicly traded company, has provided th…

Johnson Hospital, a publicly traded company, has provided the following data (ignore income taxes): Total assets at December 31, 20X3, were $177,000. Total liabilities at December 31, 20X3, were $89,000. Contributed Capital at December 31, 20X3, was $28,000. What are Retained Earnings on December 31, 20X3?

During 20X4, Maple Leaf Imaging Partners earned service reve…

During 20X4, Maple Leaf Imaging Partners earned service revenues amounting to $700,000 of which $630,000 was collected in cash; the balance will be collected in January 20X5. Also in 20X4, there were collections of cash prior to the delivery of goods/services totaling $10,000. What amount should the 20X4 income statement report for service revenues?