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 200 Receivables 12800 Prepaid insurance 13000 patent 6500 Allowance for doubtful account dividends 3500 Bond (mature after 5 years) Land held for sale 20000 Retained earnings 1600 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 D- 28400 c27700 0-28300 2- one of the following statements is true regarding the amount of retained earnings account shown at the above trail balance a- it 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