PLEASE ANSWER QUESTION 1

The following items are included in the financial statement of ABC BHD for 2019: $37,500 $27.500 $70,000 $52,500 $60,000 $225,000 $30,000 $37.500 $7.500 Instruction Accounts payable 1. Compute the net Accounts receivable profit for the year. Accumulated depreciation-Video equipment Advertising expense 2. What is the retained earnings Cash figure that would Common stock appear on the Depreciation expense balance Dividends sheet at December Insurance expense 31, 2019? 3. Prepare a Note payable (due 2022) classified balance Prepaid insurance sheet for ABC BHD Rent expense at December 31, Retained eamings (beginning) 2019, assuming the Salaries expense note payable is a Salaries payable long-term debt. Service revenue Supplies Supplies expense Video equipment $175,000 $15.000 $42.500 $30,000 $85,000 $7.500 $362,500 $10,000 $15,000 $525,000