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Part Two: Problems The following are selected account balances of Jackson Company in random order as of Dec. 31, 2017 $2,400 3,600 18,000 Sales Rcturns Cash Accounts Receivable Dividends Cost of Goods Sold Building Depreciation Expense Gains in disposal of assets Prepaid Rent Interest Expense Land Patent Salaries Payable Preferred Stock, 10% S3,600 21,600 22,800 14,400 1200 credit 18,000 38,400 4,800 2,400 2,400 60,000 98,400 24,000 7,200 Sales Taxes Payable Merchandise Inventorv Accounts Payable 6,000Accumulated Depreciation-Building 28,800 112,800 3,600 4,800 2,400 2.,400 21,600 6,000 3,600 27,600 Allowance for Uncollectible Accounts Retained Earnings, Jan. 1 Bonds Payable (due in 5 years) FICA Taxes Pay Bad Debts Expense Discounts on Bonds Payable Common Stock (par $10) Sales Salaries Expense Rent Expense Compute: 1. Total current assets as of December 31s 2. Total Property, Plant, and Equipment as of December 31st 3. Total current liabilities as of December 31st 4. The amount of operating income (income from operations) for the year 5. Assume Net Income is $30,000. What is Retained Earnings as of December 31st (ending)? 6. Assume retained earnings as of Dec. 31st is S40,000. Based on the given data, what is the TOTAL amount of Stockholders' Equity as of Dec. 31s

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