QUESTION 63 1.47 points Save Answer The following balances were taken from the ADJUSTED TRIAL BALANCE of Terrapin Corp. for the fiscal year ending December 31, 2003. Accounts Receivable Cash 8,500 25,000 Equipment Accounts Payable Wages Payable Retained Earnings, 1/1/2003 Prepaid Rent Accumulated Depreciation Equipment 5,500 2,000 42,000 7,000 1,000 2,000 Unearned Revenue 30,000 5,000 Common Stock Dividends Service Revenue 30,000 1,000 Notes Payable, Due 5/1/2005 3,000 21,500 Rent Expense Interest Expense 1,000 17,000 Wages Expense Depreciation Expense Equipment 3,500 Notes Payable, Due 5/1/2004 1,000 Each of these accounts has the normal debit or credit balance. The TOTAL OWNERS' EQUITY at the end of the year would be: $35,000 $30,000 $10,500 $39,500 None of the above