The following incomplete financial statements are for JTC Enterprises Inc.: Revenues .................................................................................................................... $1,250,XXX Salaries expense ......................................................................................................... 680,000 Administrative expenses ............................................................................................ 250,ZZZ Interest expense .......................................................................................................... 45,000 Rent expense .............................................................................................................. 18,000 Total expenses ............................................................................................................ (a) Net income ................................................................................................................. (b) Total shareholders' equity, beginning of year ............................................................ $811,000 Common shares, beginning of year ........................................................................... (c) Issue of shares ............................................................................................................ 250,ZZZ Common shares, end of year ...................................................................................... 475,000 Retained earnings, beginning of year ......................................................................... (d) Dividends declared ..................................................................................................... 58,000 Retained earnings, end of year ................................................................................... 785,XXX Total shareholders' equity, end of year ...................................................................... (e) Total assets ................................................................................................................. (f) Total liabilities ........................................................................................................... 1,785,000 Total liabilities and shareholders' equity ................................................................... (g