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Question 1 (15 points) Presented below is selected information related to Santos Company at December 20X 1. Santos reports financial information monthly. Accounts Payable R$ 3.000 Salaries Expenses R$ 16,500 Cash 7.000 Note Payable 25.000 Advertising Expense 6.000 Rent Expense 10.500 Service Revenue 54.000 Accounts Receivable 13,500 Equipment 29.000 Dividends 7.500 Determine the total assets of Santos Company at December 31, 20X1. Determine the net income that Santos Company reported for December 20X1. Determine the equity of Santos Company at December 31, 20X1