ABC Company has the following end of period account balances (except for retained earnings; its balance shown is the beginning balance):

• Accounts payable: $ 30,000
• Accounts receivable: $ 15,000
• Buildings and equipment: $ 230,000
• Cash: $ 10,000
• Common stock: $ 60,000
• Cost of goods sold: $ 120,000
• Depreciation expense: $ 20,000
• Dividends: $ 45,000
• Net sales revenue: $ 250,000
• Notes payable: $ 80,000
• Prepaid insurance: $ 35,000
• Retained earnings (beginning balance): $ 85,000
• Supplies: $ 5,000
• Supplies expense: $ 10,000
• Unearned revenue: $ 25,000
• Wage expense: $ 40,000

A) Calculate net income.

B) Calculate ending retained earnings.

C) Calculate total assets.