:Chik Chik Company showed the following balances at the end of its first year.1 7000 $6,000 Cash 9,400 Prepaid insurance Accounts receivable 5,600 Accounts payable 2,800 8,400 Notes payable Owner's Capital 1,400 Owner's Drawings 44,000 Revenues 35,000 Expenses $62,200 O $51,400 O d. $70,200 O $60,800 O