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Greg, Inc. December 31, 2017 Adjusted Trial balance Debit Credit Cash 39.000 Accounts Receivable 38.900 Allowance for Doubtful Accounts 2,000 Short Term Note Receivable | 50.000 Interest Receivable 1,350 Supplies 5.000 Prepaid Insurance 46.000 Inventory 6,500 Vehicle 16,000 Equipment 43.000 Accumulated Depreciation 21,000 Accounts Payable 8.000 Unearned Revenue 14.000 Wages Payable 2.000 Long-Term Notes Payable 40,000 Common Stock 102.000 Retained Earnings (1/1/2017) 2,500 Dividends 2.000 Sales 519.500 Sales Returns & Allowances 4,000 Sales Discounts 3,000 Cost of Goods Sold 49.500 Delivery Expense 5,000 Depreciation Expense 19,000 Bad Debt Expense 2,600 Rent Expense 96.000 Insurance Expense 25.000 Wages Expense 195,000 Supplies Expense 16.000 Interest Revenue 1,350 Loss on Disposal 7,000 Interest Expense 8.500 Income Tax Expense 34,000 Total 712.350 712.350 Greg Inc. Income Statement Year Ended Dec. 31, 2017 $ 519,599 $ (4,000) $ (3,000) $ (7,000 $ 512,500 $ 49,500 $ 463,000 Revenue Sales Less: Sales Returns & Allowances Sales Discounts Net Sales Cost of Goods sold Gross Margin Operating expenses Delivery Expense Bad debts expenses Depreciation Expenses Wages Expenses Rent Expenses Insurances Expense Supplies Expense Total Operating Expenses Income from operations Other Revenue and gains Interest Revenue Other expenses and losses Loss on Disposal Interest Expenses Income before Taxes Income Taxes Expenses Net Income $ 5,000 $ 2,600 $ 19,000 $ 195,000 $ 96,000 $ 25,000 $ 16,000 $ 358,600 $ 104,400 $ 1,350 $ (7,000) $ (8,500) $ (14,150 $ 90,250 $ 34,000 $ 56,250 Greg Inc. Statement of Retained Earnings Year Ended Dec. 31, 2017 Beginning Retained Earnings Add: Net Income $ 2,500 $ 56,250 $ 58,750 $ 2,000 $ 56,750 Less: Dividends | Ending Retained Earnings T . $ 39,000 $ 36,900 $ 50,000 $ 1,350 $ 5,000 $ 6,500 $ 46,000 $ 184,750 Greg_ , Inc. Balance Sheet As of Dec. 31, 2017 Assets Currents assets Cash Accounts Receivables $ 38,900 Less: Allowance for Doubtful accounts $ 2,000 Net Accounts Receivables Short Term Note Receivables Interest receivables Supplies Inventory Prepaid Expenses Total Current Assets Property, plant and Equipment Vehicle $ 16,000 Equipment $ 43,000 $ 59,000 Less: Accumulated Depreciation $ 21,000 Total assets Liabilities Current Liabilities Accounts Payable $ 8,000 Wages Payable $ 2,000 Unearned Revenue $ 14,000 Total Current liabilities $ 24,000 Long Term Borrowings Long Term notes payable $ 40,000 Total Liabilities Shareholders Equity Common Stock $ 102,000 Retained Earnings $ 56,750 Total shareholders Equity Total Liabilities and Shareholders $ 38,000 $ 222,750 $ 64,000 $ 158,750 $ 222,750 What is Gross Profit for the period ending December 31, 2017? A What is Operating Income for the period ending December 31, 2017? What is Ending Retained Earnings as What is Net of December 31, 2017? Accounts Receivable as of December 31, 2017? What is Total Current Assets as of December 31, 2017? , What is Total Liabilities and Stockholders' Equity as of December 31, 2017