a. What is the gross income?

b. What is the Operating expense?

c. What is the operating income tax?

d. What is the Equity and retained earnings?

e. What is the current assets?

Accounts $ Cash 40,000 Accounts Receivable 8,000 Property, Plant and Equipment 150,000 Inventory 30,000 Accounts Payable 15,000 Wages Payable 22,000 Common Stock 50,000 Retained Earnings 60,000 Sales 380,000 Cost of Goods Sold 120,000 Rent Expense 60,000 Wages and Salaries Expense 110,000 Advertising Expense 9,000