The accounts of Greatbrook Company prior to the year-end adjustments follow.

Adjusting data at the end of the year include which of the following?
a. Unearned service revenue that has been earned, $1,620
b. Accrued service revenue, $32,000
c. Supplies used in operations, $3,600
d. Accrued salary expense, $3,200
e. Prepaid insurance expired, $1,200
f. Depreciation expense-building, $2,500
Rorie Lacourse, the principal stockholder, has received an offer to sell Greatbrook Company. He needs to know the following information within one hour:
a. Net income for the year covered by these data
b. Total assets
c. Total liabilities
d. Total stockholders equity
e. Prove that Total assets = Total liabilities + Total stockholders equity after all items are updated.

Requirement
1. Without opening any accounts, making any journal entries, or using a work sheet, provide Mr. Lacourse with the requested information. The business is not subject to incometax.

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Cash. Accounts receivabl..7,000 Retained earnings.45,000 Supplies... Prepaid insurance …… 3,400 Service revenue … . 160,000 Building107,000 Salary expense Accumulated depreciation- $ 14,000 12,000 34,000 $ 16,600 Common stock Depreciation expense- building Land... Accounts payable … 6,500 Insurance expense Salary payable.. Unearned service revenue400 Utilities expense.. 15,000 52,000 Supplies expense. building.. Advertising expense.. 7,600 2,100