Below is the 2021 year-end balance sheet for the Northem Kingdom (NK), Inc: Northern Kingdom (NK), Inc. Balance Sheet (in PHP) December 31,2021 Assets Current assets 890,000 Net fixed assets 1,000,000 Total Assets 1,890,000 Liabilities and Stockholders' Equity Accounts payable 160,000 Accrued expenses 100,000 Notes payable 700,000 Long-term debt 300,000 Common stock (plus Paid- 360,000 in capital) Retained earnings 270,000 Total Liabilities and Stockholders' Equity 1,890,000 earnings for 2022