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Problem 2-20 (Algo) Understanding and analyzing financial statement relationships-merchandising organization LO ( 2 cdot 2,2 cdot 3,2 cdot 4 ) Gary's TV had the following

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Problem 2-20 (Algo) Understanding and analyzing financial statement relationships-merchandising organization LO \\( 2 \\cdot 2,2 \\cdot 3,2 \\cdot 4 \\) Gary's TV had the following accounts and amounts in its financial statements on December 31, 2022. Assume that all balance sheet items reflect account balances at December 31,2022 and that all income statement items reflect activities that occurred during the year then ended. Required: a. Calculate the difference between current assets and cuirent liabilites for Gary's TV ot December 31,2022 b. Calculate the total assets at December 31,2022 c. Caiculate the earnings from operations (operating incomel for the year enced December 31,2022 d. Calculate the net income (or loss) for the year ended December 31,2022 e. What was the average income tax rate for Gary's TV for 2022? f. If \\( \\$ 29,500 \\) of dividends had been declared and paid during the yeak, what was the Joheary 1, 2022, balance of retained earnings

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