corporation Adjusted Trial Balance 12/31/19 $100,000 $50,000 $500,000 $20,000 Cash $400,000 Accounts Receivable $30,000 Inventory $50,000 Office Equipment (net of AD) $15,000 Building (net of AD) $40,000 Vehicles (net of AD) $300,000 Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings Dividends $30,000 Sales Revenue Cost of Goods Sold $400,000 Salaries Expense $50,000 Rent Expense $20,000 Supplies Expense $10,000 Advertising Expense $30,000 Insurance Expense $30,000 $1,405,000 Note: Beginning Inventory balance was >>>>> Note: Beginning Accounts Receivable balance > $735,000 $1,405,000 $60,000 $26,000 1. Net Income for 2019 2. Retained Earning on Balance Sheet on 12/31/19 3. Gross Profit % 4. Profit Margin % 5. Markup % 6. Inventory Turnover 7. Inventory Holding Period (in days) days 8. Accounts Receivable Turnover