The accounts of Maritime Specialists Ltd. prior to the year-end adjustments are given below

Adjusting data at the end of the year include:

a. Unearned sales revenue that has been earned, \(\$ 1,000\)

b. Accrued sales revenue, \(\$ 2,000\)

c. Supplies used in operations, \(\$ 3,000\)

d. Accrued salary expense, \(\$ 3,000\)

e. Prepaid insurance expired, \(\$ 1,000\)

f. Depreciation expense, building, \(\$ 2,000\)
Jon Whale, the principal shareholder, has received an offer to sell Maritime Specialists 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 shareholders' equity

e. Proof that Total assets = Total liabilities + Total shareholders' equity, after all items are updated

Requirements
Without opening any accounts, making any journal entries, or using a worksheet, provide Whale with the requested information. Ignore income taxes. Show all computations.

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Cash.. Accounts receivable. Supplies........... Prepaid insurance. Building $ 4,000 Share capital....... 7,000 Retained earnings.. 4,000 Dividends...... 10,000 43,000 16,000 3,000 Sales revenue. 155,000 107,000 Salary expense. 32.000 Accumulated depreciation-building.. Land........ 14,000 Depreciation expense-building.... 51,000 Supplies expense. 0 Accounts payable................... Salary payable....... Unearned sales revenue. 5,000 Utilities expense. 6,000 Insurance expense. 0 Advertising expense.. 7,000 2,000