Huimin Ltd. had the following account balances at December 31, 2021: Account Name Amount Dividends $2,5001 Prepaid expenses 1,500 Interest expense 750 Website expense 6001 Accounts receivable 17,300 Deferred revenue 8501 Income tax expense 3,7501 Collections from customers 37,945 Purchase of intangibles 1,020 Payments to suppliers 35,600 Travel expense 1,8001 Retained earnings (beginning of year) 3,700 Payment of dividends 2,500 Insurance expense 2,400 Office supplies expense 3501 Cash (beginning of year) 31,550 Service revenue 33,720 Cash received from debt 10,000 Prepaid insurance 1,200 Office supplies 975 Business licence 60 Cash (end of year) 47,875 Income tax payable 5001 Owner's capital 21,000 Website design 960 Telephone expense 375 Contributions by owners 7,500 Accounts payable 12,625 Bank loan payable, due in 2025 10,000 Using the above information create the following: income statement, statement of retained earnings, balance sheet and the statement of cash flows. Then use the information to answer the following questions. Question 41 (2 points) What is total current assets on this company's balance sheet? Question 42 (2 points) What is total assets on this company's balance sheet? A/ Question 43 (2 points) What is total current liabilities on this company's balance sheet? Question 44 (1 point) What is the correct order for the current liabilities section of the balance sheet? a) Accounts payable, payments to suppliers, deferred revenue, income tax payable b) Accounts payable, Income tax payable c) Accounts payable, Income tax payable, Bank loan payable d) Accounts payable, Deferred revenue, Income tax payable e) Accounts payable, Income tax payable, Payments to suppliers f) Bank loan payable, Income tax payable, Accounts payable, Deferred revenue Question 45 (2 points) What is total liabilities on this company's balance sheet? A/ Question 46 (2 points) What is total equity on this company's balance sheet? 4 Question 47 (1 point) What is the correct order for the equity section of the balance sheet? a) Retained earnings, Owners' capital b) Owners' capital, Retained earnings, Profit C) Owners' capital, Retained earnings, Profit, Dividends d) Owners' Capital, Retained earnings e) Retained earnings, Profit, Owners' capital f) Retained earnings, Profit, Dividends, Owners capital Question 48 (1 point) What is the correct title for this company's statement of cash flows? a) Huimin Ltd., December 31, 2021, Statement of Cash Flows b) Statement of Cash Flows, Huimin Ltd., Year ended December 31, 2021 c) December 31, 2021, Statement of Cash Flows, Huimin Ltd. d) Huimin Ltd., Statement of Cash Flows, December 31, 2021 e) Huimin Ltd., Statement of Cash Flows, Year ended December 31, 2021