Pope’s garage had the following accounts and amounts in its financial statements on december 31, 2019. assume that all balance sheet items reflect account balances at december 31, 2019, and that all income statement items reflect activities that occurred during the year then ended. accounts receivable $ 31,300 depreciation expense 10,800 land 26,400 cost of goods sold 86,500 retained earnings 52,600 cash 10,600 equipment 68,000 supplies 5,100 accounts payable 22,900 service revenue 27,000 interest expense 3,600 common stock 9,000 income tax expense 14,950 accumulated depreciation 43,000 long-term debt 39,000 supplies expense 13,100 merchandise inventory 25,100 net sales 152,000 required: calculate the total current assets at december 31, 2019. calculate the total liabilities and stockholders’ equity at december 31, 2019. calculate the earnings from operations (operating income) for the year ended december 31, 2019. calculate the net income (or loss) for the year ended december 31, 2019. what was the average income tax rate for pope’s garage for 2019? if $16,500 of dividends had been declared and paid during the year, what was the january 1, 2019, balance of retained earnings?