192 CHAPTER Use the following data for the next 4 questions: Shown below is an adjusted trial balance for Lisa's Bikes on December LISA's BIKES ADJUSTED TRIAL BALANCE DECEMBER 31, 2011 $1,000 1,200 2,050 Cash Accounts Receivable Office Equipment Accounts Payable Depreciation Expense Accumulated Depreciation Common Stock Salaries Payable Retained Eanings Dividends Fees Revenue Prepaid Rent Salaries Expense Advertising Expense Rent Expense s 550 50 150 3,000 100 1,600 200 4,100 300 3,700 800 $9.500$9.500 4. Compute net income or (loss) for 2011. 5. Compute the ending balance in Retained Earnings as of December 31, 9011, aer 6. Compute the dollar amount the balance sheet would balance at as of Decen 7. Compute total current liabilities on the balance sheet as of December 31, 90 entries are made