Question 8 of 9 -/1 Presented below is selected information related to Sheridan Repairs at December 31, 2020, Sheridan reports financial information monthly amounts in thousands). Accounts Payable HK$ 8,400 Salaries and Wages Expense HK$46,200 Cash 18.200 Notes Payable 70,000 Advertising Expense 16.800 Rent Expense 29,400 Service Revenue 149,800 Accounts Receivable 37.800 Equipment 81.200 Dividends 21.000 (a) Determine the total assets of Sheridan Repairs at December 31, 2020 HK$ Total assets of Sheridan Repairs (b) Determine the net income that Sheridan Repairs reported for December 2020