Park Company had common stock of $10,000 at the beginning of the year and issued an additional $5,000 of common stock during the year. The company had retained earnings of $81,800 at the beginning of the year and paid dividends of $5,000. 1. What amount of net income should Park Company report in its income statement for the year ended December 31,2021 ? Show your calculations. 2. What amount of total assets should Park Company report in its December 31,2021 balance sheet? Show your calculations. 3. What amount of total liabilities should Park Company report in its December 31,2021 balance sheet? Show your calculations. 4. What amount of ending Retained Earnings should Park Company report in its December 31 , 2021 balance sheet (and in its December 31 statement of stockholders' equity)? Show your calculations. 5. What amount of total stockholders' equity should Park Company report in its December 31 , 2021 balance sheet? Show your calculations. 6. Which of the following accounts has a normal debit balance and would appear in the balance sheet? (There is only 1 correct answer.) Notes Payable, Cash, Service Revenue, Salaries Expense, Dividends