Accounting help very easy!

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Very easy homework, need it done in an hour.

 

Exercise 1-10 (Algorithmic)
Net Income (or Loss) and Retained Earnings

The following information is available from the records of Bright Gardens Inc. at the end of the 2010 calendar year:

Accounts payable$7,500 Landscaping revenues$30,000
Accounts receivable7,000 Office equipment7,500
Capital stock8,000 Rent expense6,500
Cash18,000 Retained earnings 
Dividends paid   beginning of year8,500
 during the year3,000 Salary and wage expense12,000

Required:

Use the above information to answer the following questions.

1.  What is Bright Gardens' net income for the year ended December 31, 2010?
$[removed]

2.  What is Bright Gardens' Retained Earnings balance at the end of the year?
$[removed]

3.  What is the total amount of Bright Gardens' assets at the end of the year?
$[removed]

4.  What is the total amount of Bright Gardens' liabilities at the end of the year?
$[removed]

5.  How much Stockholders' Equity' equity does Bright Gardens' have at the end of the year?
$[removed]

6.  What is Bright Gardens' accounting equation at December 31, 2010?

$[removed]  = $[removed]  + $[removed]
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