Analyzing the Adjusted Trial Balance

The following balances were taken from the Adjusted Trial Balance of Bent, Inc. for the fiscal year ended December 31, 2021.

HINT: Begin by classifying each account (remember to identify current assets/liabilities) Cash $27,000 Accounts Receivable $22,000 Prepaid Rent 2,000 Equipment 44,000 Accumulated DepreciationEquip. 5,500 Accounts Payable 13,000 Interest Payable 1,000 Wages Payable 2,000 Common Stock 40,000 Retained Earnings, 1/1/2018 6,000 Dividends 1,000 Service Revenue 30,500 Notes Payable, Due 5/1/2019 12,500 Notes Payable, Due: 1/1/2021 10,000 Interest Expense 1,000 Rent Expense 3,000 Depreciation ExpenseEquip. 3,500 Wages Expense 17,000 Each of the accounts has the normal debit or credit balance.

Use the information above to answer the following questions:

66. The Adjusted Trail Balance has a total credit balance of: _______________

67. The Net Income for the year is: _______________

68. The TOTAL Stockholders Equity at the end of the year would be: _______________

69. The TOTAL Current Assets at the end of the year is: _______________

70. The TOTAL Assets at the end of the year is: _______________

71. The Current Ratio is: _______________

72. The Net Profit Margin (rounded to 1 decimal position) is: _