E$4-6($L$02,3,4)($Multiple$-$Step Statement$)$ The following balances were taken from the books of Alonzo Corp. on December $31,2017.$

Interest revenue

Cash

Sales revenue

Accounts receivable

Prepaid insurance

Sales returns and allowances

Allowance for doubtful accounts

Sales discounts

Land

Equipment

Buildings

Cost of goods sold

$$86,00051,0001,380,000150,00020,000150,0007,00045,000100,000200,000140,000621,000$

Accumulated depreciation$-$equipment

Accumulated depreciation$-$buildings

Notes receivable

Selling expenses

Accounts payable

Bonds payable

Administrative and general expenses

Accrued liabilities

Interest expense

Notes payable

Loss from earthquake damage

Common stock

Retained earnings

$$40,000$

$28,000$

$155,000$

$194,000$

$170,000$

$100,000$

$97,000$

$32,000$

$60,000$

$100,000$

$150,000$

$500,000$

$21,000$

Assume the total effective tax rate on all items is $34\%.$