Effect of net income on a$$ firm's balance sheet $$Conrad$$ Air, Inc., reported net income of $ $1$ comma $361$ comma $000$ for the year ended December$31,2022.$ Show how$$ Conrad's balance sheet would change from $2021$ LOADING... to $2022$ depending on how Conrad$$ "spent" those earnings as described in the scenarios that appear below.

a$.$ Conrad paid no dividends during the year and invested the funds in marketable securities$.$

b$.$ Conrad paid dividends totaling $ $496$ comma $000$ and used the balance of the net income to retire$($pay off$)$ long$-$term debt.

c$.$ Conrad paid dividends totaling $ $496$ comma $000$ and invested the balance of the net income in building a new hangar.

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Part $1$

a$.$ If Conrad paid no dividends during the year and invested the funds in marketable$$ securities$,$ the amount transferred to the balance sheet will be $$$

$$

$1,361,000.($Round to the nearest$$ dollar.$)$

Part $2$

The revised marketable securities will be $$$

$$

enter your response here. $($Round to the nearest$$ dollar.$)$