December 31, 20X8 year-end account balances for XYZ Co. after adjusting entries had been prepared but before the books were closed for the year. Cash.... .790,000 Accounts receivable. .180,000 Prepaid insurance -3,200 Prepaid rent. 16,000 Office supplies .11,000 Equipment.. 300,000 Accumulated depreciation: equipment. .155,000 Land... .190,000 Accounts payable. ..34,000 Dividends payable. 30,000 Interest payable... ..8,000 Income tax payable.. .15,000 Unearned client service revenue. ..51,000 Notes payable... ..227,000 Common stock .350,000 Retained earnings (beginning Balance 1/1/6)....224,000 Dividends Declared. 45,000 Client service revenue. .890,000 Travel expense. 24,500 Office supplies expense. .17,000 Advertising expense. ..17,500 Salary expense. 305,000 Utility expense. .11,900 Depreciation expense: equipment. ...5,000 Interest expense. 9.100 Insurance expense. ..4,500 Rent expense. .35,000 Income tax expense. .19,300 QUESTION 7 Based on the adjusted trial balance calculate the ending balance in Retained Earnings for the period. QUESTION 8 Based on the adjusted trial balance calculate the Total Current Assets for the period QUESTION 9 Based on the adjusted trial balance calculate the Total Liabilities for the period. QUESTION 10 Based on the adjusted trial balance calculate the Current Ratio rounded to the nearest tenth (i.e. 5.55) for the period