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$.$ Calculate 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 $$19,500$ of dividends had been declared and paid during the year, what was the January $1,2022,$ balance of retained earnings?