Use the information above to develop a Balance Sheet and Income Statement. Answer the following questions

A) Calculate the Net Income (or Net Loss) After Interest and Taxes

B) Calculate the Total Amount of Current Assets

C) Calculate the Total Amount of Current Liabilities.

D) Calculate the Total Assets

E) What is the total amount of the stockholders equity

Cash $28,784 Depreciation Expense $4,100 Taxes Payable $712 Land $62,000 Treasury Stock $2,210 Mortgage $43,500 Payable Sales Discounts $1.258 and Returns $5,292 $355 Accounts Receivable Accumulated Depreciation Supplies Expenses Income Tax Expense Bonds Payable $38,000 $17,250 $780 Equipment $32,600 $2,900 Notes Payable $11,000 Cost of Goods $31.500 Interest Expense Current Portion of Bonds Payable Utilities Expense $6,200 Current Portion of Mortgage Payable $2,350 Sold Product Sales (Gross) $66,145 $950 Inventory $12,500 Discount of Bonds Payable $970 Salaries Expense $12,000 $1,050 Buildings 00 Goodwill $350 $5,340 Revenues from Software Licenses Advertising Expenses Marketable Securities Deferred Revenues Current Portion Notes Payable Sales Expenses $7,200 Salaries Payable $412 $3,450 $5,340 $1,100 $670 Accounts Payable Interest Payable PrePaid Expenses Dividends Payable $710 $500 1,100 In addition, the company had common stock of $42,000 at the beginning of the year and issued an additional $3,500 during the year. The company also had retained earnings of $28,700 at the beginning of the year and declared dividends of $1,500 during the year