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Just need total assets and retained earnings! Thanks! Gary's TV had the following accounts and amounts in its financial statements on December 31, 2022. Assume
Just need total assets and retained earnings! Thanks!
Gary's TV had the following accounts and amounts in its financial statements on December 31, 2022. Assume that all balance sheet items reflect account balances at December 31,2022 , end that all income statement hems reflect activitios that occurred during the year then ended. Required: a. Calculate the difference between current assets and current liabilites for Garys TV at December 31, 2022. b. Calculate the total assets at December 31, 2022. c. Calculate the carnings from operations (operating income) for the year ended Decenber 31, 2022. d. Calculate the net income (or loss) for the year ended December 31,2022. e. What was the average income tax rate for Gary's TV for 2022 ? t. If $26,000 of dividends had been declared and paid during the year, what was the January 1,2022 , balance of retained earnings Step by Step Solution
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