Use the following information from the ADJUSTED TRIAL BALANCE of SAM Corp. for the fiscal year ended December 31, 2008 to answer the next 17 questions.

Unearned Service Revenue 1,000

Wages Payable 2,000

Wages Expense 17,000

Service Revenue 37,000

Rent Expense 3,000

Retained Earnings, 1/1/2008 6,000

Prepaid Rent 5,500

Notes Payable, Due 5/1/2020 20,000

Notes Payable, Due 5/1/2009 1,000

Land 30,000

Interest Revenue 3,000

Interest Payable 1,000

Interest Expense 1,000

Equipment 15,000

Dividends 1,500

Depreciation Expense -- Equipment 3,500

Common Stock 55,000

Cash 40,000

Accumulated Depreciation Equipment 5,000

Accounts Receivable 17,500

Accounts Payable 3,000

NET INCOME for the year is:

TOTAL CURRENT ASSETS reported on the December 31, 2008 balance sheet is:

TOTAL PROPERTY, PLANT, AND EQUIPMENT reported on the December 31, 2008 balance sheet is:

TOTAL ASSETS reported on the December 31, 2008 balance sheet is:

TOTAL CURRENT LIABILITIES reported on the December 31, 2008 balance sheet is:

TOTAL LONG-TERM LIABILITIES reported on the December 31, 2008 balance sheet is:

TOTAL LIABILITIES reported on the December 31, 2008 balance sheet is:

8. Afterall the necessary closing entries are made, the ending balance in RETAINED EARNINGS is:

TOTAL OWNERS EQUITY reported on the December 31, 2008 balance sheet is: