Item 2. Entity B reported net income of $10,000 for the current year. Depreciation recorded on buildings and equipment amounted to $65,000 for the year. Balances of needed current asset and current liability accounts at the beginning and end of the year are as follows. Be sure to compute the change by subtracting the beginning of year balance from the end of year balance. Also, a gain on the sale of retired painting equipment of $2,500 was reported. Item 2: Entity B reported net income of $10,000 for the current year. Depreciation recorded on buildings and equipment amounted to $65,000 for the year. Balances of needed current asset and current liability accounts at the beginning and end of the year are as follows. Be sure to compute the change by subtracting the beginning of year balance from the end of year balance. Also, a gain on the sale of retired painting equipment of $2.500 was reported