Question $16(70$ points$)$

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The following is an Adjusted Trial Balance for Newfoundland Ice Harvesters Inc.

$\backslash$table$[[\backslash$table$[[$Newfoundland Snow Removal Inc.$],[$Adjusted Trial Balance$],[$December $31,2020]]],[$Acct no$.,$Account,Debit,Credit$],[101,$Cash,$31,950,],[106,$Accounts Receivable,$55,500,],[126,$Plow Supplies,$5,700,],[128,$Prepaid Insurance,$6,300,],[131,$Prepaid Rent,$4,800,],[163,$Plow Truck,$56,850,],[168,\backslash$table$[[$Accumulated Depreciation,$],[$Equipment$]],,12,000],[201,$Accounts Payable,,$14,850],[210,$Accrued Wages,,$8,100],[215,$Notes Payable,,$45,000],[301,$W Bay, Capital,,$182,225],[302,$W Bay, Withdrawals,$97,500,],[401,$Snow Plow Fees Earned,,$224,200],[501,$Depreciation Expense, Equipment,$6,000,],[522,$Wages Expense,$157,275,],[537,$Rent Expense,$37,500,],[540,$Utilities Expense,$12,000,],[550,$Plow Supplies Expense,$15,000,],[,,$$$486,375,$$$486,375$