32. Anderson Inc. had the below account balances as of 12/31/20. Net income for the year ending 12/31/20 was $56,000, and dividends paid were $26,000. Beginning Retained Earnings as of 1/1/20 were $130,000. a. Calculate the Ending Retained Earnings Balance as of 12/31/20 b. Prepare a Balance Sheet as of 12/31/20 in proper format. Use the Balance Sheet tab in the "F-S Example - 2 Yrs" in Canvas as a guide for proper formatting. Your balance sheet must balance (A=L+E) to be correct. (10 pts total) Additional Paid-in Capital Common Stock $1 par, 300,000 shs authorized, 140,000 shs issued, 130,000 shs outstanding Preferred Stock, $2 par, 40,000 shares outstanding Accounts Payable Accounts Receivable Accumulated Amortization Accumulated Depletion Accumulated Depreciation Buildings Cash & Cash Equivalents Coal Copyrights Current Maturities of Long-Term Debt Utilities Payable Equipment & Autos Finished Goods Inventory Goodwill Interest Payable Land Long-Term Bonds Payable Long-Term Note Payable Minerals Other Accrued Liabilities Payable Patents Payroll Tax Withholding Payable Prepaid Insurance Raw Materials Inventory Short-term Investments Timber Trademarks Treasury Stock 10,000 sbs. Wages Payable Work in Process Inventory S 25,000 $ 140,000 $ 80,000 SSSS $ $ S S S S $ S $ $ $ $ $ $ $ $ $ S $ $ 44,000 30,000 (12,000) (17,000) (21,000) 315,000 44,000 11,000 21,000 20,000 16,000 66,000 17,000 44,000 3,000 95,000 110,000 80,000 19,000 25,000 19,000 5,000 14,000 15,000 22,000 17,000 13,000 (10,000) 22,000 8,000