Question: help Problem 2-19 (Static) Understanding and analyzing financial statement relationships-sales/service organization LO 2-2, 2-3, 2-4 Pope's Garage had the following accounts and amounts in its
Problem 2-19 (Static) Understanding and analyzing financial statement relationships-sales/service organization LO 2-2, 2-3, 2-4 Pope's Garage had the following accounts and amounts in its financial 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 activities that occurred during the year then ended. Required: a. Caiculate the total current assets at December 31,2022 . b. Calculate the total liabilities and stockholders' equity 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. What was the average income tax rate for Pope's Garage for 2022 ? f. If $96,000 of dividends had been declared and paid during the year, what was the January 1,2022 , balance of retained earnings
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