2. Larry Company's financial records at the end of the year (2013) were as follows:

a. What was the amount of net income on the income statement? _________________

b. What is the amount of total assets to be reported on the balance sheet at the end of the year?

_____________________

c. What is the amount of total stockholders equity that would be reported on the Balance Sheet at the end of the year?

____________

Cash Accounts receivable Supplies Accounts payable Notes payable Retained earnings, beginning of period Contributed capital Service revenue Wages expense Advertising expense Rent expense 140,000 56,000 8,000 20,000 10,000 34,000 80,000 106,000 16,000 10,000 20,000