The assets and liabilities of Thompson Computer Services at March 31, the end of the current year, and its revenue and expenses for the year follow. The common stock was $117,900 and the retained earnings was $58,500 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,000 in stock. Line Item Description Amount Accounts payable $1,820 Accounts receivable 10,230 Cash 18,530 Fees earned 70,420 Land 46,700 Building 155,500 Miscellaneous expense $1,020 Office