Question: find total assets and net income.

Cash Table 1-1 The following information is taken from the accounting records after the first period of operation Accounts payable $ 9 Service revenue 38 25 Equipment 10 Common stock 200 Retained earnings (ending balance) ? Dividends 15 Accounts receivable 4 Land 100 Office supplies 5 Utilities expense 2 Salary expense 8 Cash receipts: Cash payments: Collections from customers 34 Acquisition of land 60 Issuance of stock to owners 70 Dividends 15 To suppliers 6 Sale of equipment 5