Glasgow Corporation provided the following listing of financial statement elements and their respective balances. The periodic amounts relate to the year ending December 31, 20X9, and the point-in-time amounts reflect balances as of December 31, 20X9, unless otherwise implied. Unfortunately, the company has been unable to locate its listing of assets, but all other information is complete, albeit in disarray. $375,000 60,000 120,000 Capital stock Wage expense Revenue Rent expense Beginning retained earnings Utilities expense Accounts payable Dividends Notes payable 33,000 133,500 16,500 18,750 3,750 75,000 a) Determine Glasgow's net income for the year ending December 31, 20X9. b) How much are total assets of the company, as of December 31, 20X9? c) If you were told that assets included an accounts receivable of $7,500 for services provided during 20X9, and that such transactions had been excluded in calculating the given revenue amount, how would this influence your answer to part (a) above