Use the following information to calculate for the year ended December 31, 2015 (a) net income, (b) ending retained earnings, and (c) total assets.

Use the following information to calculate for the year ended December 31, 2015 (a) net income, (b) ending retained earnings, and (c) total assets.

Supplies $ 3,000

Revenues $25,000

Operating expenses 12,000

Cash 15,000

Accounts payable 9,000

1,000

Accounts receivable 3,000

Notes payable

5,000

Equipment

  Net income

$

(b)

$

(c)

Total assets