Below is the balance sheet for Glucose Control Company as of Dec. 31, 2020. The company reported an annual net income of $85,000 for the following year, 2021 , and did not change its assets or liabilities, unless otherwise noted. If the company distributed its entire net income as dividends, what would be the value of total equity on Dec. 31,2021 ? Attempt 1/3 for 10 pts. If the company distributed half of its net income as dividends and used the rest to invest in new machines, what would be the amount of Total equity on Dec. 31 , 2021