TM, Inc., had the following account balances at the end of December:

Accounts	Balances
Dividends	$25,000
Supplies	100
Accounts payable	3,000
Common stock	100,000
Cash	15,000
Utilities expense	7,000
Salaries expense	265,000
Service revenue	350,000
Beginning Retained earnings	125,000
Equipment	?

15. $________________What were total expenses for the year?

16. $________________Calculate their net income for the year.

17. $________________Calculate their ending balance in Retained Earnings.

18. $________________What is their balance in stockholders equity on 12/31.

19. $________________ What is the balance of the Equipment account.