Answer the questions below (see the individual questions for point values) using formulas to arrive at your answer. Be sure to pay special attention to additional instructions given for each question in order to receive full credit. Additonal Information The balance in Retained Earnings at the beginning of 2019 was $216,000. There was an average of 10,000 shares of common stock outstanding during 2019. Trout Corporation 2019 Year-End Balances 2020 Year-End Balances #NAME? Account Type Financial Statement Accounts Payable $ 5,500 $ 7,800 Current Liability Balance Sheet Credit or Debit? Credit Accounts Receivable $ 27,350 $ 64,900 Current Asset Balance Sheet Debit Accumulated Amortization $ 2,300 $ 4,000 Intangible Asset Balance Sheet Credit Accumulated Depreciation $ 40,000 $ 76,000 Property Plant & Equipment Balance Sheet Credit Building $ 440,000 $ Cash $ 30,480 $ 440,000 Property Plant & Equipment 87,920 Current Asset Balance Sheet Debit Balance Sheet Debit Common Stock $ 10,000 $ Dividends $ 4,000 $ Equipment $ 91,000 $ Furniture $ 11,000 $ Goodwill $ 79,800 $ Insurance Expense $ 2,000 $ 12,000 Stockholders' Equity 6,000 Retained Earnings 91,000 Property Plant & Equipment 20,000 Property Plant & Equipment 79,800 Intangible Asset 3,500 Expense Balance Sheet Credit Retained Earnings Statement Debit Balance Sheet Debit Balance Sheet Debit Balance Sheet Debit Income Statement Debit Interest Payable $ 1,030 $ 1,020 Current Liability Balance Sheet Credit Mortgage Payable $ 138,000 $ 99,000 Long-Term Liability Balance Sheet Credit Note Payable $ 154,000 $ Prepaid Insurance $ 2,300 $ 126,100 Current Liability 5,000 Current Asset Balance Sheet Credit Balance Sheet Debit Prepaid Rent $ 10,500 $ 10,000 Current Asset Balance Sheet Debit Rent Expense $ 42,000 $ Service Revenue $ 169,000 $ 52,000 Expense 206,000 Revenue Income Statement Debit Income Statement Credit Unearned Service Revenue $ 9,500 $ 1,500 Current Liability Balance Sheet Credit Utilities Expense $ 4,900 $ 5,400 Expense Income Statement Debit