Question 3 Not yet answered Marked out of 5.00 Presented below is selected information related to MACRAK Company at December 31, 2020. MACRAK reports financial information monthly Utilities Machinery 30,000 12,000 Expense P Flag question Accounts Cash 24,000 6.000 Payable Salaries and Service Revenue 108,000 Wages 21.000 Expense Rent Expanse 33.000 Notes Payable 49,500 Accounts Owner's 27.000 Receivable 15.000 Drawings (a) Determine the total assets of at December 31, 2020. (b) Determine the net income reported for December 2020. (c) Determine the owner's equity at December 31, 2020. A- B 1