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adjusted trial balance Pets-R-Us Adjusted Trial Balance 31-Dec-23 begin{tabular}{lr|r|} Accounts & Debit & Credit Cash & $165,000 & Accounts Receivable & 130,100 &

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Pets-R-Us Adjusted Trial Balance 31-Dec-23 \begin{tabular}{lr|r|} Accounts & Debit & Credit \\ Cash & $165,000 & \\ Accounts Receivable & 130,100 & \\ Inventory & 39,500 & \\ Land & 67,300 & \\ Buildings & 120,000 & \\ Accumulated Depreciation & & 10,400 \\ Accounts Payable & 6,700 \\ Salaries Payable & & 26,100 \\ Income Tax Payable & & 8,000 \\ Notes Payable (Current) & & 17,300 \\ Notes Payable (Long-term) & & 81,600 \\ Common Stock & & 200,000 \\ Retained Earnings & & 155,400 \\ Sales Revenue & 195,000 \\ Cost of Goods Sold & 55,000 & \\ Salaries Expense & 2,300 & \\ Bad Debt Expense & 800 & \\ Depreciation Expense & 8,000 & \\ \hline Income Tax Expense & $700,500 & $700,500 \\ \hline Totals & & \\ \hline \end{tabular} Calculate the following balances: Gross profit Operating income Net income Total fong-ferm assets Total current liabilties Retained earnings on the balance sheet Total stockholders' equity

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