Chocolate LLC. Adjusted Trial Balance December 31 \begin{tabular}{|l|r|r|} \hline & Dr. & Cr. \\ \hline Cash & $59,500 & \\ \hline Accounts Receivable & 12,500 & \\ \hline Prepaid Insurance & 1,350 & \\ \hline Prepaid Advertising & 13,250 & \\ \hline Office Supplies & 1,475 & \\ \hline Merchandise Inventory & 27,850 & \\ \hline Delivery Van & 65,000 & \\ \hline Accumulated Depreciation-Equipment & & \\ \hline Patents & & 15,000 \\ \hline Accounts Payable & 60,000 & \\ \hline Salaries Payable & & \\ \hline Notes Payable & & \\ \hline Common Stock & & \\ \hline Retained Earnings & & \\ \hline \end{tabular} \begin{tabular}{|l|r|r|} \hline Common Stock & & 35,000 \\ \hline Retained Earnings & & 121,944 \\ \hline Dividends & 30,000 & \\ \hline Sales & & 257,015 \\ \hline Sales Discount & 25,702 & \\ \hline Sales Returns and Allowances & 4,370 & \\ \hline Cost of Goods Sold & 124,209 & \\ \hline Insurance Expense (on office) & 6,000 & \\ \hline Advertising Expense & 1,900 & \\ \hline Office Salaries Expense & 23,000 & \\ \hline Office Supplies Expense & 1,350 & \\ \hline Office Rent & 24,000 & \\ \hline Depreciation Expense- Delivery Van & 5,000 & \\ \hline Travel Expenses (sales related) & 13,200 & \\ \hline Utilities Expense & 7,230 & \\ \hline Interest Expense & 2,890 & \\ \hline Totals & & \\ \hline \end{tabular} Use the adjusted Trial Balance above and answer the following questions: Use the adjusted Trial Balance above and answer the following questions: 1. What is Net Income? \$ 2. What is the ending balance of Retained Earnings? \$ 3. What is the total amount of assets? \$ 4. What is the total amount of liabilities? \$ 5. What is the amount of equity would be reported in a Balance Sheet