Problem 5 Intro Below is the balance sheet for Glucose Control Company as of Dec. 31, 2020. The company reported an annual net income of $80,000 for the following year, 2021, but did not change its assets or liabilities, unless otherwise noted. Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines 11,000 2,000 4,000 42,000 59,000 34,000 80,000 114,000 173,000 Liabilities and Equity Accounts payable 17,000 Notes payable 6,000 Current liabilities 23,000 Long-term debt 95,000 Total liabilities 118,000 Paid-in capital 20,000 Retained earnings 35,000 Equity 55,000 Total liab. & equity 173,000 Real estate Fixed assets Total assets Part 1 8 Attempt 1/10 for 10 pts. If the company distributed its entire net income as dividends, what would be the value of total equity on Dec. 31, 2021? + decimals Submit