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LLB Company's accounting records reported the following account balances as of December 3 1 , 2 0 3 1 : Cost of goods sold .

LLB Company's accounting records reported the following
account balances as of December 31,2031:
Cost of goods sold ............$184,000
Building ...............$ 96,000
Utilities payable .............$38,000
Copyright ............$ 49,000
Insurance expense ...............?.
Accumulated depreciation ....$51,000
Retained earnings ...........$107,000(at Jan. 1,2031)
Interest revenue dotsdots......... $ 45,000
Accounts receivable ...........$89,000
Notes payable .............$159,000(due 03/01/2035)
Dividends ...............?
Supplies ..............$67,000
Income tax expense ..........$26,000
Equipment .............$113,000
Patent ...............
Sales revenue ................... $272,000
Cash ...................$31,000
Common stock ............$214,000
Rent expense ............$64,000
Accounts payable ............$56,000
Inventory .....................?......
Service revenue .........$79,000
Additional information:
Total current assets at DeC. 31,2031were equal to
55%of the total assets at Dec. 31,2031.
Total equity at Dec. 31,2031amounted to $347,000.
Dividends declared during 2031were equal to 60%of
the net income for 2031.
a)Calculate the balance in the insurance expense account at December 31,2031.
b)Calculate the balance in patent account at December 31,2031.
c)Calculate the amount of gross profit reported in the Company's2031Income Statement.
d)Calculate the balance in the inventory account at December 31,2031.
e)Calculate the balance in the patent account at December 31,2031.
f)Calculate the total assets reported in the company's December 31,2031balance sheet.
g)Calculate the amount of net income reported in the company's 2031income statement.
h)Calculate the balance in the retained earnings account at December 31,2031.Please help with all parts to my question.

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