Account Balance

Smith and Taylor

12/31/20XX

Cash. 24,221

Accounts receivable. 12,440

prepaid exp. 3,655

Equipment 16,330

Accumulated depreciation. 4,022

Wages payable 5,474

Wages Payable. 3,220

Common Stock 32,000

Addition paid in Capital 4,000

Treasury stock. 2,000

Retained earn. @ beginning of the year. 9,905

Sales revenue 38,450

Wages Expense. 6,502

Cost of goods sold 18,944

rent expense 4,122

Ulitilies Exp. 2,300

Depreciation Exp. 3,311

Divendends 3,246

Calculate the Following utilizing the account list above:

Current assets

Total assets

Total liabilities

Net income

Ending retained earnings

Total stockholders Equity

Show your work.