Assets Cash Accounts receivable Supplies Land Building Equipment Total assets Question 1 of 16 > The assets and liabilities of Nortin Services Inc. as of December 31, 2020, and revenues and expenses for the year ended on that date are listed here. (Click the icon to view the account totals.) Requirement Balance Sheet As at December 31, 2020 $8000 26000 2600 8600 131000 15000 $191200 *** Liabilities Accounts payable Interest payable Note payable Total liabilities This test: 150 point(s) possible This question: 10 point(s) possible Common shares Retained earnings h2 Shareholders' equity Total shareholders' equity Total liabilities and shareholders' equity $19000 8000 33500 $60500 Submit test 17000 61600 $78600 As CEO of Nortin Services Inc., answer the following questions and then decide if you would be pleased with Nortin Services's overall performance in 2020. a. Was Nortin Services profitable during 2020? By how much? (Use a minus sign or parentheses for a net loss.) Nortin Services was not profitable with a net profit (loss) of $