4:13 discussion board 1 The following are all of the accounts of Attawfik Company that have a balance at the end of August. All accounts have normal balances: $36,000 Cash $27,000 Accounts receivable Equipment 5,000 59,000 Advertising expense 31,000 Service revenues 75,000 Accounts payable earned Rent expense 3,600 Dividends 24,000 30,000 Office supplies 1,500 Salaries expense Notes payable 22,000 Common stock 20.000 58,100 Retained earnings 15 August a. Calculate net income Start Thread discussion board 1 $36,000 Cash $27,000 Accounts receivable Equipment 59,000 Advertising expense 5,000 31,000 Service revenues earned 75,000 Accounts payable Rent expense 3,600 Dividends 24,000 1,500 30,000 Office supplies Salaries expense Notes payable 22,000 Common stock 20,000 58,100 Retained earnings 1st August a. Calculate net income b. Determine the amount of retained earnings to be shown on the August 31 balance sheet. This is a group work All students have to participate Start Thread 4:15 Discussion board 2 3 points maximum score Discuss uncertainty in liabilities and accounting for these liabilities. Give examples of liabilities with uncertainty