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Below you will see the Adjusted Trial Balance of the Bradley Company, a single proprietorship. Partnerships and single proprietorships must end their business year on

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Below you will see the Adjusted Trial Balance of the Bradley Company, a single proprietorship. Partnerships and single proprietorships must end their business year on Dec 31, so here is the Dec. 31, 2020 Adjusted Trial Balance for this company. DR CR $ 37,200 20,800 ... 44,600 2,000 7,000 - 45,000 $ 15,000 Cash Accounts Receivable. Marketable Securities... Supplies.. Prepaid Insurance Equipment.... Accum Depr, Equipment Goodwill Accounts Payable Salaries Payable Note Payable, due in 2024 D. Bradley, capital D. Bradley, withdrawals. Service Revenue C 10.000 31,600 6,000 16,000 74,000 4.000 150,000 nd Click Save and Submit to save and submit Click Save All Ansuners to see all ansur Save All Annen 6,000 16,000 74,000 4,000 150,000 Salaries Payable Note Payable, due in 2024 D. Bradley, capital D. Bradley, withdrawals. Service Revenue Salaries Exp Utilities Exp Repairs Exp Depreciation Exp Insurance Exp Rent Exp Income Tax Exp Supplies Exp 70,000 3,400 3,600 9,200 4,400 16,000 14,000 1.400 TOTALS 5292.600 5292.600 What net income did Bradley earn in 2020? Do not write a formal income statement, but please show your calculations b. What was Bradley's new capital account balance as of Dec 31, 20207 Show your work c. Now prepare a Classified Balance Sheet property formatted and titled, for Bradley Company d. Bradley's equipment was purchased early in January some years ago, assuming a 9-year expected life. As of Dec 31, 2020, for how many years has the company owned this equipment? Show how you arrived at your

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