assist you in peparing for exams REQUIRED: Use the following information for the eight questions which follow. Heather Company has the following account balances after adjusting entries at Dece 31, 2011: Cash Bonds Payable (due 2050) Accounts Payable Dividends Treasury Stock, Common (22,000 shares) Preferred Stock ($10 par) 137,000 100,000 22,000 20,000 98,000 80,000 220,000 8,000 240,000 90,000 400,000 940,000 70,000 720,000 18.000 15,000 95,000 40,000 Paid-in Capital in Excess of Par Value, Preferred Equipment Accounts Receivable Common Stock ($1 par) Sales Merchandise Inventory Cost of Goods Sold Allowance for Doubtful Accounts Operating Expenses Accumulated Depreciation- Equipment Paid-in Capital in Excess of Par Value, Common Retained Earnings (1/1/2011) 27,000 1. The adjusted trial balance on December 31, 2011, would balance at: 2. The net income for the year is: 3.The total owners' equityoon the December 31, 2011balance sheet is: 4. The total assets on the December 31, 2011 balance sheet is: 5. The total current assets on the December 31, 2011 balance sheet is 6The current ratio on December 31, 2011 is