Popes Garage had the following accounts and amounts in its financial statements on December 31, 2013. Assume that all balance sheet items reflect account balances at December 31, 2013, and that all income statement items reflect activities that occurred during the year then ended.

Accounts receivable	$	30,900
Depreciation expense		11,300
Land		24,100
Cost of goods sold		86,000
Retained earnings		58,800
Cash		10,500
Equipment		70,000
Supplies		5,100
Accounts payable		20,700
Service revenue		28,500
Interest expense		3,300
Common stock		7,000
Income tax expense		23,800
Accumulated depreciation		45,000
Long-term debt		37,000
Supplies expense		13,900
Merchandise inventory		27,900
Sales revenue		171,000

Required:

a.	Calculate the total current assets at December 31, 2013.

b.	Calculate the total liabilities and stockholders equity at December 31, 2013.

c.	Calculate the earnings from operations (operating income) for the year ended December 31, 2013.

d.	Calculate the net income (or loss) for the year ended December 31, 2013.

e.	What was the average income tax rate for Popes Garage for 2013?

f.	If $19,500 of dividends had been declared and paid during the year, what was the January 1, 2013, balance of retained earnings?