GHI Services Inc. provides the following financial data:

Cash: $45,000

Accounts Receivable: $25,000

Prepaid Insurance: $2,000

Supplies: $3,000

Accounts Payable: $10,000

Salaries Payable: $2,000

Common Stock: $80,000

Retained Earnings (beginning of the year): $15,000

Service Revenue: $100,000

Salaries Expense: $20,000

Supplies Expense: $5,000

Insurance Expense: $1,000

Utilities Expense: $4,000

Interest Expense: $3,000

Income Tax Expense: $6,000

Requirements:

Calculate the net income for the year.

Determine the ending retained earnings.

Compute the quick ratio.

Calculate the total assets.