QUESTION 2 Sara Company was established at the beginning of 2020 when Sara paid a total of $20,000 to purchase Sara's common stock. By December 31, 2020, Sam had account receivable of $20,000, supplies of $4000, inventory of $15,600, and notes payable of $1000. Revenues for the year were $81,200. Of this amount, customers paid 4,550 in cash. Sara paid dividends of $25,00 to its stockholders during 2020. Requirements: 1. What is the amount of Sara's total assets as of December 31, 2020? (Rubrics: I mark for the correct account balances and answer- Total 1 mark) 2. Identify the accounts listed above that are Current Assets (Rubrics: 0.25 mark for the correct account identification - Total 0.5 mark) 3. a What is the amount of Sara's ending retained earnings as of December 31, 2020? (Hints use the modified accounting equation) (Rubries: 0,5 mark for the correct calculation and answer. Total 2 marks) b. Use your findings in part a to calculate Sara's Net Income. (Hint: use the retained carings equations (Rubries: 0.5 mark for the correct calculation and answerTotal 1.5 mark) 4. Prepare it statement of stockholders equity for the year ended December 31, 2020. (Rubrics:-0.25 mark for each correctement and correct form of statement of stockholders uity and heading 0.5 mark for the correer calculations of totals. Totalmarks