7 Au Cat The following computer is given he is Co Dec. 31.2020 $58,500 Dec.21.2021 $351,000 Nowe Recumable 72.000 63,000 Spel & eventory 81,000 121,500 Propoil expetow 31,500 54,000 Limp Makow Total Ass 0 81,000 166.500 144,000 63.000) (45.000) $639.000 $477.000 Lab A Steckholden Equity Ace payable $ 76,500 $31,500 Honds payable (long-dum 166.500 211,500 Common Stock 180,000 103,500 Retained Earnings 216.000 130.500 Total Liabilities & Stockholders Equity $639.000 $477.000 Income Statement Information (2021); 1.Net income for the year ending December 31, 2021 is 5130,500.