Computing Retained Earnings and Net Income The following selected balance sheet amounts are from Aerial in as of December 31, 2020 Selected Balance Sheet Amounts Assets Liabilities Cash 520.000 Accounts payable 39.60 Accounts receivable 10.000 Note payable 20.000 Supplies 7600 Stockholders equity Equipment 50,000 Common stock 20000 Paid in capital incess of par 10.000 Required Compute retained earn as of December 1, 2020 ming retained earning is the only missing Category in the elected baneshest amounts above Determine income assuming that the balance and cannon antay 1.2020 was 1.000 de secured during 2020 were 39,000 and no other items affected retained during 2020