ABC Corp. prepares its financial statements for the year ending December 31, 2023. The following information is available:

• Total assets at the beginning of the year: $500,000
• Total liabilities at the beginning of the year: $200,000
• Net income for the year: $50,000
• Dividends paid during the year: $20,000
• Total revenues: $300,000
• Total expenses: $200,000

Requirements:

1. Calculate the total liabilities at the end of the year.
2. Determine the total equity at the end of the year.
3. Compute the total assets at the end of the year.
4. Calculate the earnings per share if the company has 10,000 shares outstanding.
5. Calculate the return on assets (ROA).
6. Determine the debt-to-equity ratio at the end of the year.