Snodgrass Company compiled the following financial information as of January $31,2024$:

Retained earnings, January $31,2024$ $ $40,000$

Revenues $140\mathrm{.}000$

Common stock $30,000$

Equipment $40\mathrm{.}000$

Expenses $125,000$

Prepaid rent $3,000$

Cash $40,000$

Dividends $10,000$

Supplies $2,000$

Accounts payable $20,000$

Accounts receivable $15000$