Accounts Payable Accounts Receivable Accumulated Depreciation-Video Equipment Advertising Expense Cash Common Stock Depreciation Expense Dividends Insurance Expense Note Payable (due 2020) Prepaid Insurance Rent Expense Retained Earnings (beginning) Salaries Expense Salaries Payable Service Revenue Supplies Supplies Expense Video Equipment $ 15,000 11,000 28,000 21,000 24,000 90,000 12,000 15,000 3,000 70,000 6,000 17,000 12,000 34,000 3,000 145,000 4,000 6,000 210,000 (a) Calculate the net income (b) Calculate the balance of Retained Earnings that would appear on a balance sheet at December 31, 2019 (c) Prepare a classified balance sheet for Sutch Company at December 31, 2019 assuming the note payable is a long term liability