the year then ended. Accounts receivable $ 218,000 Depreciation expense 72,000 Land 152,000 555 Cost of goods sold 590,000 points Retained earnings 370,000 Cash 54,000 Equipment 448,000 Supplies 36,000 !l Accounts payable 138,000 = Service revenue 120,000 SBock Interest expense 24,000 Common stock 70,000 Income tax expense 84,000 Pt Accumulated depreciation 270,000 Long-term debt 240,000 Supplies expense 84,000 @ Merchandise inventory 180,000 Net sales 890,000 References Required: a. Calculate the total current assets at December 31, 2022. b. Calculate the total liabilities and stockholders' equity at December 31, 2022. c. Calculate the earnings from operations (operating income) for the year ended December 31, 2022. d. Calculate the net income (or loss) for the year ended December 31, 2022. e. What was the average income tax rate for Pope's Garage for 20227 f. If $96,000 of dividends had been declared and paid during the year, what was the January 1, 2022, balance of retained earnings? a. |Total current assets b. |Total liabilities and Stockholders' equity c. |Operating income @ e. |Average income tax rate $ 310,000 f. Retained earnings