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Dr. Li's Family Dental has the following trial balance: Dr. Li's Family Dental Trial Balance December 31, 2016 n1 Debit $16,000 3,000 14,000 22,000 50,000

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Dr. Li's Family Dental has the following trial balance: Dr. Li's Family Dental Trial Balance December 31, 2016 n1 Debit $16,000 3,000 14,000 22,000 50,000 Cash Accounts receivable Supplies Equipment Land Accounts payable Note payable Share capital Retained earnings Service revenue SEANNA Salary expense AR Rent expense Interest expense TOTAL $29,000 20,000 10,000 8,000 60,000 15,000 6,000 1,000 $127,000 $127.000 1. Compute the following amounts for Dr. Li's dental practice: Total assets Total liabilities Net income or loss during December Total shareholders' equity

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