VERY important to have accuracy for these..thanks

Ryan's Cars had the following accounts and amounts in its financial statements on December 31, 2010. Assume that all balance sheet items reflect account balances at December 31, 2010, and that all income statement items reflect activities that occurred during the year then ended.

Interest expense	$	34,000
Paid-in capital		87,000
Accumulated depreciation		32,000
Notes payable (long-term)		289,000
Rent expense		71,000
Merchandise inventory		834,000
Accounts receivable		186,000
Depreciation expense		12,000
Land		123,000
Retained earnings		426,480
Cash		139,000
Cost of goods sold		1,759,000
Equipment		65,000
Income tax expense		231,480
Accounts payable		101,000
Sales revenue		2,519,000

Required:
(a)	Calculate the difference between current assets and current liabilities for Ryan's Cars at December 31, 2010. (Omit the "$" sign in your response.)

Difference

$

(b)	Calculate the total assets at December 31, 2010. (Omit the "$" sign in your response.)

Total assets

$

(c)	Calculate the earnings from operations (operating income) for the year ended December 31, 2010. (Omit the "$" sign in your response.)

Operating income

$

(d

Calculate the net income (or loss) for the year ended December 31, 2010. (Omit the "$" sign in your response.) Select one (Net income/Net loss) $________

What was the average income tax rate for Ryan's Cars for 2010? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Average income tax rate

%

(f)	If $404,520 of dividends had been declared and paid during the year, what was the January 1, 2010, balance of retained earnings? (Omit the "$" sign in your response.)

Retained earnings

$