The following are selected account balances of Jackson Company in random order as of Dec 31, 2018.1. Assume retained earning as dec 31 is $40,000. Based on data given, what is the TOTAL Stockholders' Equity as Dec 31?

2. Compute the amount of operating ( income from operations) for the year.

3. Assume net income is $28,000. what is Retained Earning as of Dec 31 ( ending)?

Question 35 The following are selected account balances of Jackson Company in random order as of Dec. 31, 2018. $113,100 $78,720 $45,000 Dividends Patent Sales Taxes Payable $4,800 $4,800 $4,000 $28,800 Gains in disposal of assets Building Sales Common Stock (par $10) Bonds Payable (due in 5 years) Cost of Goods Sold Preferred Stock, 10% Salaries Expense Accounts Payable Merchandise Inventory Land Accounts Receivable Accumulated Depreciation- Building Cash Rent Expense Retained Earnings, Jan. 1 $23,040 $22,080 $19,200 $18,240 $17,280 $16,000 $14,400 Depreciation Expense Utilities Expense Salaries Payable Sales Returns Interest Expense Prepaid Rent Interest Payable $3,840 $3,200 $2,880 $2,880 $1,920 $1,920 $2,000 $1,600 $11,520 Interest Revenue $6,320 $5,760 Bad Debts Expense Allowance for Bad Debts Accumulated other comprehensive income $1,500 $1,200 $960 $3,000 Credit $14,400