Below are the account balances from Khouri Corp.'s adjusted trial balance at 12/31/X1. Note: The accounts are listed in alphabetical order for purposes of this quiz question. Required: Using these account balances, answer the three questions which follow. Accounts Payable $ 25,000 Accounts Receivable 35,000 Accumulated Depreciation 85,000 Cash 20,000 Common Stock 120,000 Depreciation Expense 16,000 Dividends 70,000 Equipment 405,000 Insurance Expense 15,000 Prepaid Insurance 13,000 Retained Earnings 94,000 Salaries Expense 75,000 Salaries Payable 20,000 Service Revenue 325,000 Utilities Expense 20,000 Question #1: What is Khouri's net income for 20X1? Answer: $ (do not use decimals or commas) Question #2: What is Khouri's total assets balance on its balance sheet at 12/31/X1? Answer: $ (do not use decimals or commas) Question #3: What is Khouri's total stockholders' equity on its balance sheet at 12/31/X1? Answer: $ (do not use decimals or commas)