At December 31, 2020, ZZ, Inc.'s unadjusted trial balance reported the following accounts: Accounts Payable ............ $76,000 Accounts Receivable ......... $45,000 Accumulated Depreciation .... $57,000 Building .................... $61,000 Cash ........................ $23,000 Common Stock ................ $90,000 Cost of Goods Sold .......... $54,000 Dividends ................... $10,000 Equipment ................... $76,000 Income Tax Expense .......... $14,000 Inventory ................... $31,000 Notes Receivable ............ $50,000 Patent ...................... $17,000 Prepaid Insurance ........... $36,000 Rental Revenue .............. $54,000 Retained Earnings ........... $80,000 (at January 1, 2020) Sales Revenue ............... $95,000 Supplies .................... $19,000 Utilities Expense ........... $16,000 

ZZ, Inc. has not yet recorded adjusting entries related to the following four items: 1) The prepaid insurance in the unadjusted trial balance relates to a 2-year insurance policy purchased on March 31, 2020. 2) Depreciation expense of $9,000 has not yet been recorded. 3) The note receivable was a loan given to a customer on June 1, 2020. It is a 10-month, 15% loan. 4) A physical count revealed that supplies costing $8,000 were still on hand as of December 31, 2020. 

1. Calculate ZZ, Inc.'s net income for 2020 after the appropriate adjusting entries have been recorded and posted. Do not use decimals in your answer. 

2. Calculate ZZ, Inc.'s total assets at December 31, 2020 after the appropriate adjusting entries have been recorded and posted. Do not use decimals in your answer.