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. Accounts receivable Depreciation expense Land Cost of goods sold Retained earnings Cash Equipment Supplies Accounts payable Service revenue $ 218,000 72,000 152,000 590,000 370,000 54,000 448,000 36,000 138,000 120,000 24,000 Interest expense Common stock 70,000 Income tax expense 84,000 Accumulated depreciation 270,000 Long-term debt 240,000 Supplies expense 84,000 Merchandise inventory 180,000 Net sales 890,000