how do i solve for retained earnings if 27500 fivedends paid during the yest

10. Gary's TV had the following accounts and amounts in Istancias en Dec.2010 Assume that all balance sheet items rock account balances Dec 31, 2010, income statement items reflect activities that occurred during the year then orded $ Interest expense Paid-in capital Accumulated depreciation Notes payable (long-term) Rent expense Merchandise inventory Accounts receivable Depreciation expense Land Retained earnings Cash Cost of goods sold Equipment Income tax expense Accounts payable Net sales 5.400 17. 200 4.500 53,000 11,700 124.000 41.500 2.400 37.000 152,500 28.000 238.000 28,000 57,000 31,000 400,000 Required: a. Calculate the difference between current assets and current liabilities for Gary's TV at 31, 2019 b. Calculate the total assets at December 31, 2019 c. Calculate the earnings from operations (operating income) for the year ended Dece 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 $27,500 of dividends had been declared and paid during the year, what was the 2019, balance of retained earnings? NI = BB- NI 85,00 -27500 Boso 17,200 85,50 - 27,590 15,00