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 are listed below. the common stock was 120,000. and the retained earnings were 60,000. at April 1, the beginning of the current year. During the year, shareholders purchased an additional 25, 000 in stock.

account payable 2,000 accounts receivable 10,340 Cash 21,420 fees earned 73,450 land 47,000 building 157,630 miscellaneous expenses 1,030 office expenses 1,240 supplies 1,670 wages expense 23,550 Dividends 16,570