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Pope's Garage had the following accounts and amounts in its financlal statements on December 31, 2019. Assume that all balance sheet items reflect account balances

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Pope's Garage had the following accounts and amounts in its financlal 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 actlvitles that occurred during the year then ended. Required: a. Calculate the total current assets at December 31, 2019. b. Calculate the total liabilites and stockholders" equity at December 31,2019. c. Calculate the eamings 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 $19,000 of dlvidends had been declared and paid during the year, what was the January 1, 2019, balance of retalned earnings

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