Problem 1-57A (Algorithmic) Accounting Relationships Information for Beethoven Music Company is given below. Required: Use the relationships in the balance sheet, income statement, and retained earnings statement to determine the missing values. Total assets at the beginning of the year $145,200 Total assets at the end of the year Total liabilities at the beginning of the year 92,600 Total liabilities at the end of the year 126,600 Equity at the beginning of the year Equity at the end of the year $104,400 Dividends pald during the year Net income for the year 77,200 554,600 Revenues Expenses Income Statement and Balance Sheet The following information for Rogers Enterprises is available at December 31, 2019, and includes all of Rogers' financial statement amounts except retained earnings: Accounts receivable Property, plant, and equipment $72,920 13,240 70,000 $90,000 135,000 Cash Rent expense Retained earnings 12,800 Salaries expense 4,150 Salaries payable Common shares (10,000 issued) Income tax expense Income taxes payable Interest expense Notes payable (due in 10 years) Prepaid rent (building) Required: 16,000 Service revenue 235,200 14,800 463,500 42,000 34,400 25,000 31,500 Supplies Supplies expense Prepare a single-step Income statement for the year ending December 31, 2019, for Rogers