Presented below is selected information related to Copenehegn Company at December 31, 2020. Copenehegn reports financial information monthly. (4 Marks) $25,000 Utilities Expense Equipment $ 10,000 20.000 Cash 22.500 Accounts Receivable 90.000 Salaries and Wages Service Revenue Expense 17.500 Rent Expense 41.250 27.500 Notes Payable Accounts Payable 12.500 5.000 Owner's Drawings (a) Determine the total assets of at December 31, 2020. (1 Mark) (b) Determine the net income reported for December 2020. (2 Mark) (c) Determine the owner's equity at December 31, 2020. (1 Mark)