Gamble company had following transactions of 2020:

- When company started, received $19,000 from owners for stock

-Purchased equipment of Jan 1. That cost $10,000 in cash. The equipment had a 3yr useful life and a $1,000 salvage value. Straight-line dep

-Services provided for cash $7,000

-$1,600 of supplies was purchased on account

-Services provided on account were $9,500

- November 1, the company paid cash of $3,600 in advance for 6 months rent, beginning immediately.

-Cash collections on A/Rs amounted to $3,500

-$500 of the A/P was paid

- A $300 cash dividend was declared and paid to the owners.

A). Amount of total liabilities appearing on the Dec. 31, 2020 balance sheet would be?

B) What is the income for period ending Dec 31. 2020?