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The following items are taken from the financial statements of Grace Company for 2017: $15,000 11,000 28,000 Accounts Payable Accounts Receivable Accumulated Depreciation-Video Equipment Advertising

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The following items are taken from the financial statements of Grace Company for 2017: $15,000 11,000 28,000 Accounts Payable Accounts Receivable Accumulated Depreciation-Video Equipment Advertising Expense Cash Common Stock Depreciation Expense Dividends Insurance Expense Note Payable (due 2018) Prepaid Insurance Rent Expense Retained Earnings (beginning) Salaries Expense Salaries Payable Service Revenue Supplies Supplies Expense Video Equipment 21,000 24,000 90,000 12,000 15,000 3,000 70,000 6,000 17,000 12,000 34,000 3,000 145,000 4,000 6,000 210,000 Fill in the appropriate amounts to the questions in the answer box below. BE SURE TO SHOW YOUR CALCULATIONS otherwise there is no way to give you partial credit. BE SURE to label each of your answers so I can tell which part you are answering a. Total current assets b. Total Property Plant and Equipment c, Total Assets d. Total Current Liabilities e. Total Long Term Liabilities f. Total Liabilities g. Ending Retained Earnings h. Total Stockholders Equity i. Total Revenues j. Total Expenses k. Net Income

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