Question 1 Mark has the following trial balance: Credit Mark Trial Balance December 31, 2016 Debit $16,000 3,000 14,000 22,000 50,000 Cash Accounts receivable Supplies Equipment Land Accounts payable Note payable Share capital Retained earnings Service revenue Salary expense Rent expense Interest expense TOTAL $29,000 20,000 10,000 8,000 60,000 15,000 6,000 1,000 $127,000 $127,000 Compute the following amounts for Mark: a. Total assets b. Total liabilities c. Net income or loss during December d. Total shareholders' equity