Pinker Corporation began the year with cash of $$30,000$ and a computer that cost $$25,000.$

During the year Pinker earned sales revenue of $$135,000$ and had the following expenses:

salaries, $$57,000$; rent, $$11,000$; and utilities, $$4,000.$ At year$-$end Pinker$$s cash balance was

down to $$18,000.$ How much net income $($or net loss$)$ did Pinker experience for the year?

$2.$ Advanced Instruments had retained earnings of $$155,000$ at December $31,2020.$ Net

income for $2021$ totaled $$100,000,$ and dividends for $2021$ were $$25,000.$ How much

retained earnings should Advanced report at December $31,2021?$

$3.$ The Stockholders$$ Equity of Powers Company at the beginning and end of $2020$ totaled

$$15,000$ and $$20,000,$ respectively. Assets at the beginning of $2020$ were $$27,000.$ If the

liabilities of Powers Company increased by $$9,000$ in $2020,$ how much were total assets at

the end of $2020?$