2. (10 Points) Use the following partial work sheet (adjusted trial balance) from Matthews Lanes to calculate its net income; ending balance in retained earnings; and total assets or total liabilities and stockholders' equity. MATTHEWS LANES Work Sheet For Year Ended June 30 Income Statement Dr Account Balance Sheet Dr 11,275 1,750 800 3,400 140,000 21,700 800 20,000 40,000 46,425 Cash Accounts receivable Office supplies Prepaid insurance Scoring equipment Accumulated depreciation scoring equipment Salaries payable Common stock Retained earnings (unadiusted) Dividends Bowling revenue Depreciation expense- scoring equipment Salaries expense Insurance expense Rent expense Office supplies expense Repairs expense Telephone expense Totals Net income Totals 138,075 10,825 1,800 1,200 1,600 400 350 750 16,925 121.150 138.075 138,075 203,650 82,500 121.150 203.650 138.075 203.650 1. Net Income: 2. Ending Balance Retained Earnings: 3. Total Assets or Total Liabilities and Owners' Equity