$ 31,800 Accounts receivable Depreciation expense 10,000 25,400 85,000 54,600 Land Cost of goods sold Retained earnings 9,600 71,000 Cash Equipment Supplies 5,800 Accounts payable Service revenue 21,800 23,400 1,500 Interest expense Common stock Comimon Income tax expense 9,000 16,950 44,000 40,000 13,400 25,800 143,000 Accumulated depreciation Long-term debt Supplies expense Merchandise inventory Net sales Required: a. Calculate the total current assets at December 31, 2019. b. Calculate the total liabilities and stockholders' equity at December 31, 2019. c. Calculate the earnings from operations (operating income) for the year ended December 31, 2019. d. Calculate the net income (or loss) for the year ended December 31, 2019. e. What was the average income tax rate for Pope's Garage for 2019? f. If $20,000 of dividends had been declared and paid during the year, what was the January 1, 2019, balance of retained earnings? Total current assets a. Total liabilities and stockholders' equity b. Operating income C. d. e. Average income tax rate Retained earnings f