1 Presented below is selected information related to Mohammed Ltd at December 31 20X1. Mohammed reports financial information monthly. Accounts Payable Cash Advertising Expense Service Revenue Equipment AED3,000 Salaries Expenses AED16,500 7,000 Note Payable 25,000 6,000 Rent Expense 10,500 54,000 Accounts Receivable 29,000 Dividends 13,500 7,500 Use the above information to: [a] Determine the total assets of Mohammed Ltd at December 31, 20X1. [b] Determine the net income that Mohammed Ltd reported for December, 20X. [c] Determine the equity of Mohammed Ltd at December 31, 20X1