January 1, 2021 the Supplies account had an opening balance of $38,000. Total purchases of supplies during 2021 totaled $55,000, and the supplies on hand, based on a count of the supplies inventory at December 31, 2021 was $31,000.

Given the following accounts and amounts for Patricks General Store for 2021, answer the questions below. Assume all amounts are normal balances.

• Accounts Payable $18,500
• Accounts Receivable $19,500
• Accumulated Depreciation $15,000
• Cash $32,000
• Contributed Capital $63,000
• Depreciation Expense $13,000
• Dividends Declared $1,500
• Equipment $90,000
• Rent Revenue $22,000
• Retained Earnings $17,000
• Sales Revenue $450,000
• Unearned Revenue $28,000
• Utilities Expense $115,000
• Wages Expense $227,000

What is Total Current Assets? _______________________________________

What is Net Income (Loss)? __________________________________________

What is Total Liabilities? _____________________________________________

What is Total Assets? _______________________________________________