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Check my work Pope's Garage had the following accounts and amounts in its financial statements on December 31, 2019. Assume that all balance sheet items reflect account balances at December 31, 2019, and that all income statement items reflect activities that occurred during the year then ended. Accounts receivable Depreciation expense Land Cost of goods sold Retained earnings Cash Equipment Supplies Accounts payable Service revenue Interest expense Common stock Income tax expense Accumulated depreciation Long-term debt Supplies expense Merchandise inventory Net sales $ 32,100 11,400 24,900 89,000 56,300 9.400 69,000 5,800 22.500 26,200 1.900 8,000 14,040 43,000 37.000 13.900 25,600 142.000 Required: a. Calculate the total current assets at December 31, 2019 b. Calculate the total liabilities and stockholders' equity at December 31, 2019. Calrate the asrninne from nortinne Innerstinn innmol for the verandert Doramhar 21 2010 Required: a. Calculate the total current assets at December 31, 2019. b. Calculate the total liabilities and stockholders' equity at December 31, 2019 c. Calculate the earnings from operations (operating income) for the year ended December 31, 2019 d. Calculate the net income (or loss) for the year ended December 31, 2019 e. What was the average income tax rate for Pope's Garage for 2019? 1. If $18,500 of dividends had been declared and paid during the year, what was the January 1, 2019, balance of retained earnings? Answer is not complete. a Total current assets Total liabilities and stockholders' equity Operating income Not income Average income tax rate Retained earnings 0 1

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