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1. Calculate net income 2. Calculate ending retained earnings 3. Calculate total current assets 4. Calculate total current liabilities 5. Calculate total stockholders equity THE

image text in transcribed1. Calculate net income

2. Calculate ending retained earnings

3. Calculate total current assets

4. Calculate total current liabilities

5. Calculate total stockholders equity

THE FOLLOWING INFORMATION IS USED FOR ALL THE QUESTIONS ON THIS PAGE. The account balances for Randy Orton Enterprises as of December 31, 20X1 are as follows: . Accounts payable: $ 4,000 Accounts receivable: $ 19,000 Buildings and equipment: $ 190,000 Cash: $ 30,000 Common stock: $ 50,000 Dividends: $ 15,000 Long-term notes payable: $ 150,000 Miscellaneous expense: $ 10,000 Prepaid insurance: $ 40,000 Retained earnings (beginning balance): $ 44,000 Sales revenue: $ 200,000 Unearned revenue: $ 5,000 Utilities expense: $ 29,000 Wage expense: $ 120,000

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