Question 2 (3 points) Delta Holdings Ltd. Trial Balance As at December 31, 2020 Debits Credits Cash 15,000 Accounts receivable 87,500 Allowance for doubtful accounts 6,500 Inventory 65,000 Equipment 90,000 Accum Depreciation - Equipment 27,000 Building 275,000 Accum Depreciation - Building 52,000 Accounts payable 57,000 Unearned revenue 13,000 Bank loan payable - due in 3 years 40,000 Common shares 25,000 Preferred shares 15,000 Retained earnings 262,500 25,000 Dividends declared Dividends declared 25,000 Sales revenue 785,000 Service revenue 265,000 Cost of goods sold 471,000 Depreciation expense 10,500 Insurance expense 15,000 Operating expenses 244,000 Wages expense 250,000 1,548,000 1,548,000 16 tv Wages expense 250,000 1,548,000 1,548,000 Required: Using the information in the trial balance for Delta Holdings Ltd., calculate the following amounts: (3 marks - 9 minutes) a. b. Carrying amount of the building Total assets Net income C. NOTE: ENTER THE 3 AMOUNTS IN THE 3 BOXES BELOW. ENTER IN ORDER: A, B, C NOTE: ENTER THE AMOUNTS WITHOUT $ SIGNS AND WITHOUT COMMAS. (I.E. 369254, NOT $369,254)