Ch Gary's TV had the following accounts and amounts in its financial statements on December 31, 2019. Assume that all balance sheet items reflect account balances at December 31, 2019, and that all income statement items reflect activities that occurred during the year then ended. Interest expense $ 6, 400 Paid-in capital 25, 200 Book Accumulated depreciation 6, 800 Notes payable (long-term) 73 , 000 Rent expense 14, 700 erences Merchandise inventory 144 , 000 Accounts receivable 56, 500 Depreciation expense 3, 400 Land 57 , 000 Retained earnings 172, 500 Cash 23, 000 Cost of goods sold 258, 000 Equipment 48 , 000 Income tax expense 87 , 000 Accounts payable 51, 000 Net sales 500 , 000 Required: a. Calculate the difference between current assets and current liabilities for Gary's TV at December 31, 2019. b. Calculate the total assets at December 31, 2019. c. Calculate the earnings from operations (operating income) for the year ended December 31, 2019. d. Calculate the net income (or loss) for the year ended December 31, 2019. e. What was the average income tax rate for Gary's TV for 2019? f. If $22,500 of dividends had been declared and paid during the year, what was the January 1, 2019, balance of retained earnings