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 $130,000 and the retained earnings were $61,000 at April 1, the beginning of the current year. During the year, shareholders purchased an additional $25,500 in stock.

Accounts payable$2,000Miscellaneous Expense$1,040Accounts receivable10,340Office expense1,290Cash21,420Supplies1,670Fees earned74,240Wages expense23,770Land47,000Dividends15,200Building157,630