Marvellous Computer Systems Ltd. Balance Sheet Year ending December 31, 2021 ASSETS Cash 18,650 Office supplies 2,145 Prepaid insurance 1,500 Inventory 5,575 Accounts receivable 1,500 Prepaid rent 1,650 Deferred revenue 2,165 Equipment 95,300 TOTAL ASSETS 128,485 LIABILITIES AND EQUITY Interest payable 2,400 Salaries payable 11,640 Accumulated 22,500 depreciation Note payable 27,000 (due in 2023) Accounts payable 2,385 Income tax payable 2,100 Dividends (7,500) Retained earnings 20,310 (INCORRECT!) Profit 15,650 Owners' capital 32.000 TOTAL LIABILITIES AND EQUITY 128.485