The accounts listed below have been taken from Davies Co.s general ledger as of December 31, 2020. The accounts all have normal balances. This is the end of Davies Co.s first year of operations.

Cash.............................................................................$ 34,000

Buildings (net)..............................................................210,000

Note Payable................................................................72,000

Salary Expense............................................................19,000

Inventory......................................................................36,000

Accounts Payable........................................................60,000

Common Stock.............................................................185,000

Accounts Receivable....................................................48,000

Sales............................................................................_____

Notes Receivable.........................................................22,000

Bonds Payable.............................................................75,000

Rent Expense...............................................................15,000

Land.............................................................................125,000

Cost of Goods Sold......................................................165,000

Tax Expense................................................................20,000

Tax Payable.................................................................31,000

Determine sales for the year and prepare the following items for Davies Co. as of the year ended December 31, 2020:

a.trial balance

b.calculate net income for the year

c. calculate: total assets

total liabilities

stockholders' equity