Land $ $ $ 12,500 Note payable Property tax expense 8,000 2.000 Rent expense 8,200 Equipment 32,500 Interest expense 2,350 Interest payable 16,500 Accounts payable 26.000 Salary expense 156,000 Building 1,800|| Cash 3,600|| Common shares Accounts receivable Service revenue 15,500 43,500 126,500 11,000 20,000 Supplies Utilities expense Beginning retained earnings were $67,950, and dividends totalled $34,000 for the year. a. Was Monroe Services profitable during 2020? By how much? (Use a minus sign or parentheses for a net loss.) Monroe Services was with a net profit (loss) of $ b. Did retained earnings increase or decrease? By how much? Retained earnings by $ after paying dividends to shareholders of $ I c. Who has a larger claim on Monroe Services's assets, its creditors or its shareholders? exceeds V by sa own more of Monroe Services' assets Now decide if you would be pleased with Monroe Services's overall performance in 2020. As CEO, you be pleased with the results of Monroe Services because the company earned a