1.) The account balances for a company are listed below.All balances are as of Dec. 31, 2015, except

where noted otherwise

Prepaid Insurance$500 Equipment75,000

Cash16,600 Loss from Sale of Equipment 1,700

Accumulated Depreciation 7,000 Furniture14,000

Unearned Revenue 4,500Notes Payable (due 12/31/17)40,900

Dividends2,000 Sales Revenue98,900

Accounts Receivable8,400Retained Earnings (1/1/15)10,650

Supplies300 Salary Expense22,000

Cost of Goods Sold44,600 Salaries Payable1,600

Depreciation Expense1,350 Common Stock40,000

Goodwill10,000 Utility Expense5,400

Supplies Expense400Marketable Securities 9,500

Notes Payable (due 2/28/16)1,000

Accounts Payable7,200

a.Determine total assets as of Dec. 31, 2015

b.Determine total liabilities as of Dec. 31, 2015

c.Determine the Gross Profit ratio for 2015

d.Determine the ending retained earnings

e.Determine working capital on Dec. 31, 2015