AD Resort Group reported net income of $1,736,000 for the year ended December 31, 2020. Show how AD Resort Groups balance sheet would change from 2019 to 2020 depending on how AD Resort Group spent those earnings as described in the situations that appear below. AD Resort Group Balance Sheet as of December 31, 2019 Assets Liabilities and Stockholders Equity Cash $ 141,000 Accounts payable $ 170,000 Marketable securities 56,000 Short-term notes 76,000 Accounts receivable 66,000 Current liabilities $ 246,000 Inventories $ 130,000 Long-term debt $3,210,500 Current assets $ 372,000 Total liabilities $3,456,500 Equipment $3,928,000 Common stock $ 500,000 Buildings $1,600,000 Retained earnings $1,964,500 Fixed assets $5,528,000 Stockholders equity $2,464,500 Total assets $5,921,000 Total liabilities and equity $5,921,000 a. AD Resort Group paid no dividends during the year and invested the funds in marketable securities. b. AD Resort Group paid dividends totaling $800,000 and used the balance of the net income to retire (pay off) long-term debt. c. AD Resort Group paid dividends totaling $800,000 and invested the balance of the net income in building a new coffee lounge. d. AD Resort Group paid out all $1,736,000 as dividends to its stockholders. Show the effect of net income on a firms balance sheet per each situation