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 $ 30,600 11,000 26,800 88,000 55,900 9,200 68,500 5,500 22, 300 20,100 3,600 10,000 15,092 44,000 38,000 12,600 29,600 149,000 Required: a. Calculate the total current assets at December 31, 2019. b. Calculate the total liabilities and stockholders' equity at December 31, 2019. Calculate the earnings from operations (operating income) for the year ended Decemb 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 $18,500 of dividends had been declared and paid during the year, what was the January 1, 2019, balance of retained earnings? Answer is complete but not entirely correct. a. b. c. Total current assets Total liabilities and stockholders' equity Operating income Net income Average income tax rate Retained earnings 74,900 $ 126,200 64,600 X $ 45,908 X 25 X % $ 28,492 % d. e. f