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Accounts payable: $ 20,000 Accounts receivable: $ 40,000 Accumulated depreciation - Buildings and equipment: $ 80,000 Buildings and equipment: $ 290,000 Cash: $ 10,000 Common

Accounts payable: $ 20,000

Accounts receivable: $ 40,000

Accumulated depreciation - Buildings and equipment: $ 80,000

Buildings and equipment: $ 290,000

Cash: $ 10,000

Common stock: $ 70,000

Cost of goods sold: $ 100,000

Depreciation expense: $ 30,000

Dividends: $ 50,000

Inventory: $ 40,000

Long-term notes payable: $ 90,000

Retained earnings (beginning balance): $ 60,000

Service revenue: $ 280,000

Supplies: $ 15,000

Supplies expense: $ 20,000

Unearned revenue: $ 55,000

Wage expense: $ 60,000

calculate net income

calculate ending retained earnings

calculate total assets

calculate total current liabilities

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