85,000 Owners' Equity, beginning balance (Jan. 1. 2019) 136,000 10,000 Prepaid Rent Cash 30,000 Accounts Payable 40,000 Accounts Receivable 60,000 Interest Expense 16,000 Sales Revenue 540,000 Wages Expense Cost of Goods Sold 325,000 Income Tax Expense 25.000 Machinery 200,000 Advertising Expense 30,000 Wages Payable 20,000 Note Payable 180,000 - Inventory 35.000 Land 100,000 Note: Prepaid Rent is a current asset. No owner's withdrawals or owner investments were made. 0 05 Required: Determine the following amounts for Chevy Chase Corporation: A. Total assets at the end of 2019 5.2006 2 B. Total liabilities at the end of 2019. 13 000 B 0 -20.5 Total owners' cquity at the end of 2019. (think about this one) Total Revenues for 2019. 2 , $0CC 48100 Total Expenses for 2019. 6 8 Net Income for 2019. 540.0 - 25,00034,000 44000 F