Question 5 Sara Corp's partial trial balance reflected the following account balances at December 31, 2020 credit 700 Jaccount debit Deferral income tax investment in financial asset measured 2500 at FV-through profit and loss Bad debt expense 2200 Receivables 12800 Prepaid insurance 13000 patent 5500 Allowance for doubtful account dividends 3500 Bond (mature after 5 years Land held for sale 20000 Retained earnings 1500 5000 35000 Using the previous information answer the following 2 questions 1- total current assets to be reported at 31/12/2020 statement of financial position is a. 47700 - 28400 c-27700 d-28300 2- one of the following statements is true regarding the amount of retained earnings account shown at the above trail balance ait includes income or loss for 2020 b- it will be reported at statement of financial position dated 31/12/2020 at $35.000 C-it is reported at changes in equity statement for 2020 d. none of the above statement is true