8. Elstons equipment on December 31, 2014 is

9. Elstons retained earnings on December 31, 2014 should be.

10. Elstons stockholders equity on December 31, 2014 should be

Please explain how you got to the answer!

DATA for questions 8, 9, and 10: Elston Company compiled the following financial information as of December 31, 2014 Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable Accounts receivable Retained earnings, 1/1/14 50,000 25,000 100,000 $700,000 150,000 625,000 150,000 75,000 37 5,000