+ Account Name 1 Accounts Payable Amount $13,000 2 Accounts Receivable $7,000 I 3 Beginning Retained Earnings $15,000 4 Cash $8,000 5 Cost of Goods Sold $41,000 6 Dividends $3,000 7 Equipment $40,000 8 Inventory $14,000 9 Rent Expense $12,000 10 Sales Revenue $115,000 11 Salaries & Wages Expense $36,000 Requirements: Using the amounts in the table above and the accounting equation, compute the amounts for the following items: a. Total Expenses b. Net Income c. Total Assets d. Ending Retained Earnings e. Stock