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/The following information applies to the quesions displeyed beiow Tungsten Company, Inc, sells heavy construction equipment There are 14 000 sheres of capial stock outstanding

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/The following information applies to the quesions displeyed beiow Tungsten Company, Inc, sells heavy construction equipment There are 14 000 sheres of capial stock outstanding The annuel fiscal period ends on December 31. The following trial balance was taken from the general ledger on December 31 Current Year Account Tnies S 35.200 Accounts recevable (net) hwensoty encing Operational ascets $3,200 40.900 18 DOD 24300 72.500 Copmai stock Retoned earmings, Jenuaty 1, Curront Year Sales revums and allowances Cost of goods sold 148700 80 300 7400 7200 Sales dsoorns ncome ox experse S 2820BO 282 080

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