Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year, the company reports the following amounts:

Cash$1,400Service revenue$66,700Equipment28,000Cost of goods sold (food expense)53,200Accounts payable4,200Buildings38,000Delivery expense2,400Supplies3,200Salaries expense5,300Salaries payable800

In addition, the company had common stock of $38,000 at the beginning of the year and issued an additional $3,800 during the year. The company also had retained earnings of $18,000 at the beginning of the year.