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plz solve as soon as possible begin{tabular}{llr} Retained earnings & 154,000 & 114,600 Total liabilities and shareholders' equity & $911,240 & $869,240 hline
plz solve as soon as possible
\begin{tabular}{llr} Retained earnings & 154,000 & 114,600 \\ Total liabilities and shareholders' equity & $911,240 & $869,240 \\ \hline \end{tabular} CARLA VISTA LIMITED Income Statement Year Ended December 31, 2023 Sales revenue Cost of goods sold Gross margin Operating expenses Selling expenses Administrative expenses Salaries and wages expense Depreciation and amortization expense Total operating expenses Income from operations $1,120,000 409,000(711,000) $39,500 124,400 91,600 40,500 Other revenues/expenses Cash fows from operating activities section under the indirect in= thod Note 1: Imvestment income generated by (FV-N1) investments inclades dividend incone of $2.500 and a gain con disposal of investinents of $4,100. following inforination avalatile at the end of 2023 : \begin{tabular}{|c|c|c|} \hline Equipment & 515,000 & 396,000 \\ \hline Accumulated depreciation-Equipment & (130.000) & (112,000) \\ \hline Patents & 90,000 & 90,000 \\ \hline Accumulated amortization-Patents & (45,000) & (40,000) \\ \hline Total assets & $911,240 & $869,240 \\ \hline Temporary bank overdraft & $0 & $19,700 \\ \hline Accounts payable & 22,000 & 20,000 \\ \hline Income tax payable & 5,000 & 6,000 \\ \hline Salaries and wages payable & 5,100 & 1,300 \\ \hline Short-term notes payable (trade) & 10,000 & 10,000 \\ \hline Long-term notes payable (non-trade) & 60,000 & 70,000 \\ \hline Deferred tax liability & 30,000 & 25,000 \\ \hline Bonds payable & 375,000 & 375,000 \\ \hline Commonshares & 250,140 & 227,640 \\ \hline Retained earnings & 154,000 & 114,600 \\ \hline \end{tabular} Step by Step Solution
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