Company A's financial records at the end of the fiscal year are as follows:

• Cash: $90,500
• Accounts Receivable: $40,300
• Supplies: $6,800
• Accounts Payable: $12,500
• Notes Payable: $8,000
• Retained Earnings, beginning of year: $20,500
• Common Stock: $60,000
• Service Revenue: $55,000
• Wages Expense: $10,500
• Advertising Expense: $7,200
• Rent Expense: $12,500

Requirements:

1. Calculate the net income for Company A.
2. Determine the total current assets.
3. Determine the total liabilities.
4. Calculate the ending retained earnings.