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The following data was taken from the accounting records of Pina Colada Corporation: 2024 2023 Total assets $977000 $882000 Total liabilities 267000 250000 Preferred shares

The following data was taken from the accounting records of Pina Colada Corporation: 2024 2023 Total assets $977000 $882000 Total liabilities 267000 250000 Preferred shares 78300 78300 Common shares 310000 310000 Retained earnings 321700 243700 Additional data: Net income 165000 Interest expense 37200 Sales revenue 998000

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