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  3. gary's tv had the following accounts and amounts i

Gary's TV had the following accounts and amounts in its financlal statements on December 31,2022....

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Accounting

Gary's TV had the following accounts and amounts in its financlal statements on December 31,2022. Assume that all balance sheet
Items reflect account balances at December 31,2022, and that all Income statement Items reflect activites that occurred during the
year then ended.
Required:
a. Calculate the difference between current assets and current llabilitles for Gary's TV at December 31,2022
b. Calculate the total assets at December 31,2022
c. Calculate the earnings from operations (operating income) for the year ended December 31,2022
d. Calculate the net Income (or loss) for the year ended December 31,2022.
e. If $31,500 of dividends had been declared and pald during the year, what was the January 1,2022, balance of retained earnings?
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