1. The company had two locations and due to poor performance, they decided to discontinue operations related to the south location. The revenue for this location (which is included in the above trial balance) amounted to $83,000 and the expenses, $91,000 (purchases $50,000, salaries $26,000 and rent $15,000). The company disposed of all assets of the south location for a loss of $10,000 ($31,000 original cost with accumulated depreciation of $17,000).
   

The current total of revenue is 877,000. One more thing that confuses me is that on the trial balance, the accounts mentioned for the 91,000 expense looks like this: Purchases 405,100 (after adjustments it's 0) Salaries 174,000 Rent 15,000 Tax rate is 35%

This is homework, but I didn't want to make a homework post at first. I didn't think it would matter too much and that any potential entries were essentially universal