Pope's Garage had the following accounts and amounts in its financial statements on

December $31,2022.$ Assume that all balance sheet items reflect account balances at

December $31,2022,$ and that all income statement items reflect activities that

occurred during the year then ended.

Accounts receivable

$$218,000$

Depreciation expense

$72,000$

Land

$152,000$

Cost of goods sold

$590,000$

Retained earnings

$370,000$

Cash

$54,000$

Equipment

$448,000$

Supplies

$36,000$