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Listed below are account balances for Accounts Company for the fiscal year ended December 31, 2019. Long-term investments Notes payable, long-term Prepaid insurance Wages payable

Listed below are account balances for Accounts Company for the fiscal year ended December 31, 2019.

Long-term investments

Notes payable, long-term

Prepaid insurance

Wages payable

Common Stock

Equipment

Land

Interest payable

Interest expense

Income tax payable

Cost of goods sold

Cash

Accounts payable

Buildings

Accumulated depreciation

Dividends

General and administrative expenses

Accounts receivable

Inventory

Notes payable, current portion

Selling expenses

Trademarks

Sales revenue

Income tax expense

Supplies

Retained earnings, Jan. 1, 2019

$26,250

208,500

5,250

13,500

225,000

183,750

26,250

10,500

18,750

4,500

109,500

12,000

16,500

309,000

123,000

12,750

72,000

8,250

46,500

7,500

35,250

9,750

267,750

10,500

9,750

18,750

(Hint: Prepare the financial statements.)

Determine the amount of each of the following items from the data presented above:

Net income:

Current assets:

Long-Term investments:

Property, plant and, equipment (net):

Intangible assets:

Total assets:

Current liabilities:

Long-term liabilities:

Total liabilities:

Working capital:

Total stockholders' equity:

Retained earnings (12/31/19): 27,750

Total liabilities and stockholders' equity:

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