X @ https://ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F... P A to Chapter 2 Problems (Unlimited Attempts) i Saved Help Save & Exit Submit Check my work 3 LasII LU, VUL Cost of goods sold 220, 000 Equipment 10, 000 Income tax expense 30, 000 Accounts payable 13, 000 Net sales 10, 006 10 points Required: a. Calculate the difference between current assets and current liabilities for Gary's TV at December 31, 2019. eBook b. Calculate the total assets at December 31, 2019. c. Calculate the earnings from operations (operating income) for the year ended December 31, 2019. Print d. Calculate the net income (or loss) for the year ended December 31, 2019. References e. What was the average income tax rate for Gary's TV for 2019? f. If $32,000 of dividends had been declared and paid during the year, what was the January 1, 2019, balance of retained earnings? . Difference $ 141,000 b . Total assets 180,000 C . Operating income d. Net income 45,000 e. Average income tax rate 10 % Retained earnings Mc Graw Hill 84 Clear P W 11:13 PM 6/12/2022 23