Pope's Garage had the following accounts and amounts in its financial statements on December 31, 2016. Assume that all balance sheet items reflect account balances at December 31, 2016, and that all income statement items reflect activities that occurred during the year then ended.

Accounts receivable	32,200	asset
Depreciation Expense	11,200	expense
Land	26,000	asset
Cost of goods sold	87,500	expense
Retained earnings	65,200	equity
Common Stock	7,000	equity
Income tax expense	14,544	expense
Cash	11,000	asset
Equipment	71,000	asset
Supplies	5,000	asset
Accounts payable	20,600	liability
Service Revenue	22,200	revenue
Interest Expense	1,200	expense
Accumulated depreciation	41,000	asset
Long-term debt	38,000	liability
Supplies Expense	13,700	expense
Merchandise Inventory	26,600	asset
Sales Revenue	152,000	revenue

a. Calculate the total assets at December 31, 2016
Total Assets
b. Calculate the total liabilities at December 31, 2016.
Total liabilities
c. Calculate the stockholders' equity at December 31, 2016.
Total stockholders' equity
d. Calculate the net income (or loss) for the year ended December 31, 2016.
Net Income