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Question 16 (6 points) Below is information from the adjusted trial balance. Cash Accounts receivable Prepaid rent Supplies Furniture Accumulated Depreciation, Furniture Accounts payable Salary

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Question 16 (6 points) Below is information from the adjusted trial balance. Cash Accounts receivable Prepaid rent Supplies Furniture Accumulated Depreciation, Furniture Accounts payable Salary payable Common stock (at par) Additional paid in capital Retained earnings (beginning balance) Dividends Service revenue Salary expense Rent expense Utilities expense Depreciation expense Supplies expense 173,275 61,200 10,000 6,500 187,275 56,000 59,800 18,000 6,000 110,000 74,200 52,000 352,000 142,500 26,800 5,200 6,000 5,250 Enter your answers to the following questions in the same order as they appear be 1. What is net income? 2. What is ending retained earnings 3. What is total not assets? 4. What is total equity? Blank # 1 MacBook Air

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