\begin{tabular}{|c|c|c|c|} \hline Cash & $50,000.00 & & \\ \hline Accounts Receivable & $3,200.00 & 1 & What is your net sales? \\ \hlineA/P & $1,200.00 & 2 & What is your Gross Profit? \\ \hline Inventory & $5,000.00 & 3 & What is your Net Income? \\ \hline Perpaids & $2,800.00 & & \\ \hline Land & $80,000.00 & & \\ \hline Building & $70,000.00 & 4 & How much is your Current Assets? \\ \hline Salary Payable & $12,000.00 & 5 & How much is your Total Assets? \\ \hline Equity & $46,000.00 & 6 & What is the ending balance of retained earnings? \\ \hline Sales & $24,000.00 & 7 & How much is your Current Liabilities? \\ \hline Cost of Goods Sold & $3,000.00 & & \\ \hline Bad debt expense & $1,000.00 & & \\ \hline Utility Expense & $500.00 & & \\ \hline Current Portion of Mortgage Payable \$ & $3,000.00 & & \\ \hline Salary Expense & $12,000.00 & & \\ \hline Internet Expense & $300.00 & & \\ \hline Income Tax Expense & $590.00 & & \\ \hline Sales Discount & $2,000.00 & & \\ \hline Sales Return and Allowance & $500.00 & & \\ \hline \end{tabular}