3 4 Tiana Inc., had the following list of accounts taken from its adjusted 5 trial balance at December 31, 2023: 6 7 8 9 10 11 Accounts payable Accounts receivable Accumulatd depreciation Advertising expense Building 15,000 18,000 26,200 12,700 100,000 12 Common stock 60,000 13 Cash 25,000 14 Cost of goods sold 56,500 15 Depreciation expense 2,000 16 Insurance expense 3,800 17 18 19 20 Insurance payable Inventory Land Prepaid insurance 1,900 25,000 30,000 4,600 21 Interest expense 100 22 Interest income 2,500 23 Retained earnings (01/01/2023) 58,000 24 Salaries expense 48,000 25 Salaries payable 4,600 26 Supplies inventory 160,000 27 Supplies expense 1,200 28 Taxes payable 600 29 Tax provision 600 30 Unearned rent revenue 700 31 32 33 Calculate the following: (SHOW YOUR WORK) A. Gross profit 34 B. Income from operations 35 C. Net income 36 D. Total assets 37