Presented below is selected information related to Kirby Company at December 31. Kirby reports financial information monthly.

a. Determine the total assets of Kirby Company at December 31.

b. Determine the net income that Kirby Company reported for December.

c. Determine the owner?s equity of Kirby Company at December 31.

d. Determine the cash balance of Kirby Company at December 1 (beginning cash).

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Accounts payable Rent expense Accounts receivable Owner's drawings Net cash provided by operating activities Purchase of equipment Net cash provided by financing activities $ 3,000 6,500 6,000 53,500 29,000 16,500 25,000 $10,500 13,500 7,500 Cash Advertising expense Service revenue Equipment Salaries and wages expense Notes payable 14,600 (13,800) 2,200