income statement

Part 1: Unscramble (un-jumble) the balance sheet below

Balance Sheet
Retained Earnings	$
Accounts Payable	$   3,300
Cash	$ 19,900
Tandy’s Uber Service
Common Stock	$ 8,000
Accounts Receivable	$ 2,800
Notes Payable	$ 30,350
December 31, 2019
Automobile Supplies	$ 1,200
Automobiles	$ 38,000

Part 2: Calculate the retained earnings balance, and answer the following questions

1.    What is the time period covered by the statement? 01.01.2019-12.31.2019 2.    How does this differ from the income statement? The income statement provided the revenues, expenses, and net income (profit). 3.    What is the total equity? 4.    What it total revenue? 5.    What is total assets? 6.    What is the balance (amount) of retained earnings? 7.    What is total liabilities? 8.    Can the company purchase an additional automobile for $20,000?