Presented below is selected information related to Carla Vista Company at December 31. Carla Vista reports financial information monthly.

Accounts Payable		$ 8,100		Rent Expense		$28,350
Cash		17,550		Accounts Receivable		36,450
Advertising Expense		16,200		Owners Drawings		20,250
Service Revenue		144,450		Net cash provided by operating activities		39,420
Equipment		78,300		Net cash consumed by investing activities		(37,260	)
Salaries and Wages Expense		44,550		Net cash provided by financing activities		5,940
Notes Payable		67,500

What are the

1. Total assets

2. Determine the net income that Carla Vista Company reported for December.

3.Determine the owners equity of Carla Vista Company at December 31. 4.Determine the cash balance of Carla Vista Company at December 1 (beginning cash).