The following are selected account balance of Jackson Company ( in random order) as of Dec. 31 20201. Compute the amount of the operating income for the year.

2.Compute the amount of the accounts shown to be classified as current assets on Dec 31.

3. Assume retained earning as Dec 31 is $40,000. Based on the given data. what is the TOTAL amount of Stochholder's Equity as of Dec 31?

4. Compute the amount of the accounts shown to be classified as property, plant, and Equipment on December 31?

The following are selected account balances of Jackson Company (in random order) as of Dec. 31, 2020 $2,000 3,000 Sales Returns Cash Accounts Receivable Sales Taxes Payable Merchandise Inventory $3,000 18,000 15,000 Accounts Payable 19.000 Sales 82,000 12,000 Accumulated Depreciation- Building Paid-In-Capital in Excess of Par- Com. Stock Retained Earnings, Jan. 1 Cost of Goods Sold 24,000 10,000 94,000 15,000 3,000 Building Depreciation Expense Gains in disposal of assets Bonds Payable (due in 5 years) 32,000 4,000 FICA Taxes Payable 4,000 Prepaid Rent 2,000 Interest Expense Land Accumulated other comprehensive income Discounts on Bonds Payable Common Stock (par $10) 2,000 18,000 2,000 Debit 2,000 50,000 1,000 Credit 20,000 6,000 2,000 Patent 5,000 Allowance for Bad Debts Salaries Payable Treasury Stock Preferred Stock 3,000 8,000 15,000 Salaries Expense Rent Expense Bad Debts Expense Paid-In-Capital in Excess of Par- Pref. Stock Dividends 5,000 8,000