Presented below is selected information related to Narrow Gage Company at December 31, 2014. Narrow Gage reports financial information monthly.

Accounts Payable .............$ 3,000

Cash .................. 9,000

Advertising Expense ............. 6,000

Service Revenue .............. 54,000

Equipment ................. 29,000

Salaries and Wages Expense .......... $16,500

Notes Payable .............. 25,000

Rent Expense .............. 9,800

Accounts Receivable ........... 13,500

Dividends ................ 7,500

(a) Determine the total assets of Narrow Gage Company at December 31, 2014.

(b) Determine the net income that Narrow Gage Company reported for December 2014.

(c) Determine the stockholders’ equity of Narrow Gage Company at December 31, 2014.