The accounts of Huntley Digital Services Company prior to the year-end adjustments follow:

Adjusting data at the end of the year include the following:

a. Unearned service revenue that has been earned, $1,620
b. Accrued service revenue, $31,600
c. Supplies used in operations, $3,500
d. Accrued salary expense, $3,000
e. Prepaid insurance expired, $1,500
f. Depreciation expense—building, $2,700

Alison Sikes, the principal stockholder, has received an offer to sell Huntley Digital Services Company. She needs to know the following information:

a. Net income for the year covered by these data
b. Total assets
c. Total liabilities
d. Total stockholders’ equity
e. Proof that Total assets = Total liabilities + Total stockholders’ equity after all items are updated

Requirement
Without opening any accounts, making any journal entries, or using a work sheet, provide Sikes with the requested information. The business is not subject to income tax.

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Common stock.. Retained earnings... $ 10,000 $ 7,200 Cash.... Accounts receivable... 46,000 7,700 Supplies.. Dividends declared. 4,600 12,000 Prepaid insurance. Building . Accumulated depreciation- 3,400 Service revenue. 158,000 Salary expense.. Depreciation expense- building. Supplies expense. 105,000 36,000 building.. 16,200 Land.. 57,000 Accounts payable. Insurance expense 6,600 Salary payable.. Unearned service revenue Advertising expense.. 7,100 Utilities expense 5,400 2,200