Presented below is a list of financial statement accounts and amounts.

A. Identify the nature of each account using the letter A for assets, L for liabilities, SE for shareholders' equity, R for revenue, E for expenses, and NA for not applicable.

1 Salaries expense $ 43,000 2 Common stock 47,500 3 Accounts receivable 55,500 4 Dividends paid 19,000 5 Sales revenue 267,000 6 Inventory 51,500 7 Wages payable 14,000 8 Equipment 175,000 9 Cost of goods sold 104,000 10 Rent expense 19,000 11 Income tax expense 30,500 12 Cash 62,500 13 Retained earnings 56,500

B. Calculate net income for the period.

C. How much has been earned by the company's operations but not distributed to shareholders?

D. What is the total investment by shareholders?

E. How much do customers owe the company?