Question 5: The following account balances were taken from the financial statements of Indirect Cable Inc. as of December 31, 2019. Notes Payable due in 2025 LL$ 62,000 Accounts Payable L $34,000 Accounts ReceivableCA 39,000 Prepaid Insurance CA 3,500 Accumulated Depreciation - Equipment 8,000 Rent Revenue 5,000 Advertising Expense E 10,100 Retained Earnings, 1/1/19 180,000 Begging CashCA 68,200 Salaries & Wages Expense E 23,900 Common Stock SE 69,000 Service Revenue R 115,400 Dividends 8,900 SuppliesCA 30,250 Equipment PPE 134,000 Unearned Revenue L 19,900 Land PPE 163,650 Utilities Expense E 11,800 Calculate the below totals/amounts based on the above account balances. $120,400 $49,700 Revenues Expenses $174,200 Net Income = Revenue-expenses $349,300 Retained Earnings 12/31/2019 $140,950 Current Assets $289, 630 Property, Plant & Equipment 53.900 Current Liabilities $62,000 Long Term Liabilities Please show your work/calculations in the space below: NI 120,400-45,800 = 174,200 Ending Retained Earnings = Reginning RE + NI - Dividends $180,000+ $174,200-38,900 = 343,300 PPE - Accumulated Depreciation (Equipment) 297,650 - $8,000 = $289,650