THE FOLLOWING INFORMATION APPLIES TO THE QUESTIONS ON THIS PAGE:

• Accounts payable: $ 35,000
• Accounts receivable: $ 55,000
• Accumulated depreciation - Buildings and equipment: $ 65,000
• Buildings and equipment: $ 300,000
• Cash: $ 10,000
• Common stock: $ 55,000
• Cost of goods sold: $ 100,000
• Depreciation expense: $ 20,000
• Dividends: $ 50,000
• Inventory: $ 40,000
• Long-term notes payable: $ 95,000
• Retained earnings (beginning balance): $ 90,000
• Service revenue: $ 270,000
• Supplies: $ 10,000
• Supplies expense: $ 5,000
• Unearned revenue: $ 30,000
• Wage expense: $ 50,000

Calculate net income.

Calculate ending retained earnings.

Calculate total assets.

Calculate total current liabilites.