Questions 48.000 The following items (in thousands) are taken from the financial statement of Hung Company for the year ending December 31, 2020 Accounts payable 72.000 Accounts receivable 44,000 Accumulated depreciation equipment 112.000 Advertising expense 84.000 Cath 60,000 Share capital-ordinary 168.000 Dividend 56,000 Depreciation expense Equipment Insurance expense 12,000 Note payable, due 6/30/21 280,000 Prepaid insurance (12-month policy) 24,000 Rent expense 68,000 Retained earnings (1/1/20) 240.000 Salaries and wages expense 128.000 Service revenue $32,000 Supplies 16,000 Supplies expense 24.000 840,000 What is the balance that would be reported for equity at December 11, 20207 7408,000 *$20,000 *576,000 632,000