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Presented below is selected information related to MACRAK Company at December 31, 2020. MACRAK reports financial information monthly Utilities Machinery 30,000 12.000 Expense Cash 24,000

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Presented below is selected information related to MACRAK Company at December 31, 2020. MACRAK reports financial information monthly Utilities Machinery 30,000 12.000 Expense Cash 24,000 Accounts Payable 6,000 Service Revenue 108,000 Salaries and Wages Expense 21.000 Rent Expanse 33,000 Notes Payable 49,500 Accounts Receivable 27,000 Owner's Drawings 15.000 Determine the total assets of at December 31, fa) 2020. Determine the net income reported for December (5) 2020. Determine the owner's equity at December 31, (c) 2020

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