ope’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...

ope’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	$	30,700
Depreciation expense		11,800
Land		25,900
Cost of goods sold		87,000
Retained earnings		62,500
Cash		9,900
Equipment		70,500
Supplies		5,300
Accounts payable		21,600
Service revenue		28,300
Interest expense		3,100
Common stock		9,000
Income tax expense		18,564
Accumulated depreciation		40,000
Long-term debt		36,000
Supplies expense		13,100
Merchandise inventory		26,800
Net sales		153,000