Below is the balance sheet for Glucose Control Company as of Dec. 31, 2020. The company reported an annual net income of $84,000 for the following year, 2021, but did not change its assets or liabilities, unless otherwise noted. Assets Liabilities and Equity Cash 12,000 Accounts payable 22,000 Marketable securities 2,000 Notes payable 6,000 Accounts receivable 4,000 Current liabilities 28,000 Inventory 40,000 Long-term debt 95,000 Current assets 58,000 Total liabilities 123,000 Machines 34,000 Paid-in capital 20,000 Real estate 80,000 Retained earnings 29,000 Fixed assets 114,000 Equity 49,000 Total assets 172,000 Total liab. & equity 172,000 BAttempt 6/6 for 0 pts. Part 1 If the company distributed its entire net income as dividends, what would be the value of total equity on Dec. 31, 2021? 55,000 Incorrect Attempt 1/6 for 5 pts. Part 2 If the company distributed half of its net income as dividends and used the rest to invest in new machines, what would be the value of total equity on Dec. 31, 2021