Park Company reported the following amounts for the year ended Dec. 31, 2021: Utilities Expense $ 9,000 Service Revenue $158,000 Building 185,000 Interest Expense 2,500 Salaries Expense 22,000 Advertising Expense 10,000 Accounts Payable 3,700 Equipment 25,000 Cash 10,000 Notes Payable 12,000 Accounts Receivable 2,000 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.