1) What was the net incomr for the year?

2) What was Martin, Capital at 12/31/02 as shown on a Statement of Owners Equity for the year 12/31/02?

3) How much were total assets on a Balance Sheet 12/31/02?

4) What were the total liabilities at 12/31/02?

Consider the following information taken from the accounting records of Martin Co. and is for the year ending December 31, 2002. Rent Expense Accounts Payable Mortgage Payable Cash Martin, Capital 1/1/02 Equipment Martin, Drawings Supplies Accounts Recelvable Utilities Expense $12,000 16,000 42,000 18,000 68,000 86,000 40,000 12,000 53,000 2,800 22,000 110,000 4,200 Salaries Expense Service Revenue Insurance Expense During the year, Martin invested $14,000 into the business. (Note that Martin, Capital is given as of the beginning of the year, therefore this investment is not reflected in that amount.)