Popes 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	$	31,900
Depreciation expense		11,800
Land		24,900
Cost of goods sold		85,000
Retained earnings		58,800
Cash		11,100
Equipment		69,500
Supplies		5,100
Accounts payable		22,500
Service revenue		26,800
Interest expense		1,400
Common stock		10,000
Income tax expense		24,099
Accumulated depreciation		42,000
Long-term debt		37,000
Supplies expense		13,500
Merchandise inventory		27,800
Sales revenue		168,000

Required: a. Calculate the total current assets at December 31, 2016. b. Calculate the total liabilities and stockholders equity at December 31, 2016. c. Calculate the earnings from operations (operating income) for the year ended December 31, 2016. d. Calculate the net income (or loss) for the year ended December 31, 2016. e. What was the average income tax rate for Popes Garage for 2016? f. If $17,000 of dividends had been declared and paid during the year, what was the January 1, 2016, balance of retained earnings?