Pope's Garage had the following accounts and amounts in its financial statements on December 31, 2019. Assume that all balance sheet items reflect account balances at December 31, 2019, and that all income statement items reflect activities that occurred during the year then ended. Accounts receivable Depreciation expense Land Cost of goods sold Retained earnings Cash Equipment Supplies Accounts payable Service revenue Interest expense Common stock Income tax expense Accumulated depreciation Long-term debt Supplies expense Merchandise inventory Net sales $ 31,800 11,700 24,400 86,000 62,500 10,800 68,500 6,000 20,200 29,800 2,200 9,000 22,118 42,000 36,000 13,200 28,200 157,000 Required: a. Calculate the total current assets at December 31, 2019. b. Calculate the total liabilities and stockholders' equity at December 31, 2019. c. Calculate the earnings from operations (operating income) for the year ended December 31, 2019. d. Calculate the net income (or loss) for the year ended December 31, 2019. e. What was the average income tax rate for Pope's Garage for 2019? f. If $18,000 of dividends had been declared and paid during the year, what was the January 1. 2019, balance of retained earnings? $ 76,800 Total current assets b. Total liabilities and stockholders' equity c. Operating income d. e. Average income tax rate Retained eamings