Alisha's Dolls had the following accounts and amounts in its financial statements on December 31, 2013. Assume that all balance sheet items reflect account balances at December 31, 2013, and that all income statement items reflect activities that occurred during the year then ended.

Interest expense		$	32,000
Paid-in capital			83,000
Accumulated depreciation			32,000
Notes payable (long-term)			283,000
Rent expense			67,000
Merchandise inventory			833,000
Accounts receivable			186,000
Depreciation expense			11,000
Land			120,000
Retained earnings			457,560
Cash			142,000
Cost of goods sold			1,753,000
Equipment			67,000
Income tax expense			223,560
Accounts payable			95,000
Sales revenue			2,484,000
Required:
a.	Calculate the difference between current assets and current liabilities for Alisha's Dolls at December 31, 2013.

b.	Calculate the total assets at December 31, 2013.

c.	Calculate the earnings from operations (operating income) for the year ended December 31, 2013.

d.	Calculate the net income (or loss) for the year ended December 31, 2013.

e.	What was the average income tax rate for Alisha's Dolls for 2013?

f.	If $391,440 of dividends had been declared and paid during the year, what was the January 1, 2013, balance of retained earnings?