Question 20 (5 points) The following information is provided for Carl's Classic Cars Ltd. Carl's Classic Cars Ltd. Adjusted Trial Balance December 31, 2020 Debit Credit Cash $37,000 Accounts receivable 187,000 Supplies 42,000 Inventory 372,000 Land 427,000 Buildings 527,000 Accumulated depreciation, buildings $131,750 Accounts payable 87,000 Line of credit 47,000 Bank Loan payable 787,000 Common shares 287,000 Retained earnings 122.425 Dividends declared 20,000 Sales 1,007,000 Cost of goods sold 537,000 Depreciation expense 13,175 Income tax expense 157,000 General and administrative expense 150,000 Total $2,469,175 $2,469,175 Additional Information $20,000 Dividends were declared and paid during the year $100,000 of Common shares were issued $22,000 of the bank loan is due in 2021 Using the above adjusted trial balance, calculate the following balances. Enter your answer in the following format: $XXX,Xxx Do not enter decimals. For example five thousand is entered as $5,000. 1. Current Assets 2. Current Liabilities 3. Net Income 4. Property, Plant and Equipment 5. Non-Current Liabilities Blank # 1 A/ Blank # 2 A Blank # 3 AJ Blank #4 A/ Blank # 5 A/ Question 21 (8 points) Saved