1. Use this information to answer the following questions:

The December 31, 2019 (pre-closing) adjusted trial balance for Pringer Enterprises was as follows:

Account Title	Debits	Credits
Accounts payable		90,000
Accounts receivable	170,000
Accumulated depreciation equipment		260,000
Common stock		490,000
Cash	26,000
Cost of goods sold	480,000
Depreciation expense	60,000
Equipment	700,000
Interest expense	4,000
Inventory	150,000
Note payable (due in six months)		60,000
Rent expense	30,000
Retained earnings		62,000
Salaries and wages payable		8,000
Sales revenue		770,000
Salaries expense	120,000
TOTALS	1,740,000	1,740,000

Required : Assuming no income taxes, compute the following, and place your answer in the space provided:

A) 2019 net income (or loss).___________________

B) Current Assets___________________

3. Current Liabilities__________________
4. Shareholder equity__________________