A) Total assets are:

B) Net income is:

All accounts have normal (positive) balances Accounts payable Accounts Receivable Bad Debt expense Building Cash Common Stock Cost of goods sold Dividends Equipment Retained Earnings Unearned Revenue Interest expense Inventories Land Prepaid Insurance Sales Wages expense Wages payable S11,300 5,500 3,000 45,000 14,000 70,000 22,000 14,000 22,000 9,700 3,400 4,800 16,000 1,000 42,000 3,000 1,100