On December 31, a company'sA list of all ledger accounts and their balances at a point in time is called a(n): records show the following selected accounts and amounts. Use this information to compute net income for the company. Cash $ 50,720 Consulting revenue $ 54,000 Accounts receivable 44,720 Salaries expense 11,200 Office supplies 10,500 Rent expense 19,100 Office equipment 40,000 Telephone expense 1,720 Land 88,000 Miscellaneous expenses 1,040 Accounts payable 21,000