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You are given the following information about Clarkesville Plumbing Company. Revenues in 2017 totaled 815,893, depreciation expenses 83,831, costs of goods sold 395,123, and interest

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You are given the following information about Clarkesville Plumbing Company. Revenues in 2017 totaled 815,893, depreciation expenses 83,831, costs of goods sold 395,123, and interest expenses 57,467. At the end of the year, current assets were $121 and current liabilities were $107. The company has an average tax rate of 21 percent. Calculate its net income by setting up an income statement. Round to two decimal places. Balance sheet: Given the following information about Elkridge Sporting Goods, Inc., construct a balance sheet for June 30, 2017. On that date the firm had cash and marketable securities and accounts receivable totaling 28,698, inventory of 164,608, net fixed assets of 341,801, and other assets of 14,542. It had accounts payables and notes payable totaling 132,484, long-term debt of 180,018, and common stock of 114,048. How much retained earnings did the firm have? Round to whole numbers

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