The accounts of Maritime Specialists Ltd. prior to the year-end adjustments are given below.

Adjusting data at the end of the year include:
a. Unearned service revenue that has been earned, $1,000
b. Accrued service revenue, $2,000
c. Supplies used in operations, $3,000
d. Accrued salary expense, $3,000
e. Prepaid insurance expired, $1,000
f. Depreciation expense, building, $2,000
Jon Whale, the principal shareholder, has received an offer to sell Maritime Specialists.
He needs to know the following information within one hour:
a. Net income for the year covered by these data
b. Total assets
c. Total liabilities
d. Total shareholders' equity
e. Proof that Total assets Total liabilities Total shareholders' equity, after all items are updated
Requirement
Without opening any accounts, making any journal entries, or using a worksheet, provide Whale with the requested information. The business is not subject to income tax. Show all computations.

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Cash Accounts receivable Supplies Prepaid insurance Building Accumulated depreciation-building14,000 Depreciation expense-building.. Land Accounts payable Salary payable Unearned service $ 4,000 Share capital $ 10,000 43,000 16,000 155,000 32,000 0 0 0 7,000 2,000 7,000 Retained earnings 4,000 Dividends 3,000 Service revenue 107,000 Salary expense 51,000 Supplies expense 6,000 Insurance expense 0 Advertising expense 5,000 Util ities expense