1. Zero

2. $22,000

3. $21,750

4. $21,200

Shown below is an adjusted trial balance for Novelty Toys, Incorporated, on December 31, Year 1: Credit Novelty Toys, Incorporated Adjusted Trial Balance December 31, Year 1 Debit Cash $ 15,100 Accounts Receivable 12,550 Office Equipment 21,700 Accumulated Depreciation Accounts Payable Capital Stock Retained Earnings Dividends 7,100 Fees Earned Salaries Expense 15,200 Advertising Expense 3,050 Depreciation Expense 4,050 Totals $ 78,750 $ 5,600 7,550 22,100 -0- 43,500 $ 78,750 The Income Summary will have what balance before it is closed