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Question 4 5 pts 4. JPMorgan Chase Bank, N.A. provides financial services related to investment selections, retirement planning, and general insurance needs. For the
Question 4 5 pts 4. JPMorgan Chase Bank, N.A. provides financial services related to investment selections, retirement planning, and general insurance needs. For the current year, Chase reports the following amounts: Advertising Expense $51,450 Service Revenue $873,482 Buildings 108,000 Interest Expense 19,400 Salaries Expense 109,200 Supplies 1,567 Accounts Payable 56,370 Equipment 25,700 Cash 28,200 Notes Payable 125,720 Utilities Expense 25,475 Deferred Revenue 83,156 Furniture 2,650 Wages Payable 15,210 In addition, Chase had common stock of $77,952 at the beginning of the year and issued an additional $331,150 during the year. The company also had retained earnings of $1,070,900 at the beginning of the year and paid dividends of $95,500. Required: calculate the following 1. Net Income = 2. Total Common Stock = 3. Total Retained Earnings 4. Total Liabilities = 5. Total Equity =
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