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Elston Company compiled the following financial information as of December 31, 2014: Service revenue $700,000 Common stock 150,000 Machine 350,000 Operating expenses 625,000 Cash 200,000

  1. Elston Company compiled the following financial information as of December 31, 2014:
  2. Service revenue $700,000
  3. Common stock 150,000
  4. Machine 350,000
  5. Operating expenses 625,000
  6. Cash 200,000
  7. Dividends 50,000
  8. Supplies 25,000
  9. Accounts payable 100,000
  10. Accounts receivable 75,000
  11. Inventory 80,000
  12. Retained earnings, 1/1/14 375,000
  13. Elston's assets on December 31, 2014 are

$475,000

$730,000

$650,000

$625,000

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