Tiger Enterprises maintains and sells vintage recording equipment, which are still popular with some artists. In 2019, the company earned $828,000 from sales, plus another $523,000 from service contracts. The cost of the equipment they sold during the year was $545,000. They also paid $450,000 in wages to their retail sales associates and technicians. The lease on their retail space was $38,000 for the year, and they had $14,000 in utilities and other expenses. Management salaries totaled $85,000 for the year, and depreciation on their office and retail equipment was 11,000. They paid $8,000 of interest on an outstanding credit line, which is currently extended to $85,000. The company's tax rate is 21%