Use the following information to calculate for the year ended December 31, 2015 (a) net income, (b) ending retained earnings, and (c) total assets.

Supplies $3,000

Revenues $25,000

Operating expenses 12,000

Cash 15,000

Accounts payable 9,000

Dividends 1,000

Accounts receivable 3,000

Notes payable 1,000

Beginning retained earnings 5,000

Equipment 6,000

Net income

$

(b)

Ending retained earnings$

(c)

Total assets