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Use the following to answer questions 15-19 BK Property Management had the following account balances at the end of December: Accounts Service revenue Balances $450,000

Use the following to answer questions 15-19 BK Property Management had the following account balances at the end of December: Accounts Service revenue Balances $450,000 Common stock 200,000 Salaries expense 290,000 Beginning Retained earnings 175,000 Cash 20,000 Accounts payable 15,000 Utilities expense 10,000 Office supplies 2,000 Dividends Equipment 25,000 ? 15. $ 16. $ 17. $ 18. $ 19. $ What were total expenses for the year? Calculate their net income for the year. Calculate their ending balance in Retained Earnings. What is their balance in stockholder's equity on 12/31. What is the balance of the Equipment account

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