Sarui Anderson, your best friend is considering inveeting in Advantage Specialties Inc Suin seeks your advice in interpreting this information. Specifically, she wants to know the currpany's total assets, tolaliablities, and met incorre er net look for the year, as well as how to compute these amounty. Requirement Wirte a short nate to answer Sam's questions Begin the flowing note to answer your friend's questions. Dear Sam This trial balanna lists tha of the company, along with their Select the labels and compute the local assets. (Leave any unused cells blank. Account Amount At DACATOA 31, 2120. The fact that the trial balanna is in HALANCA that Artvantaga Specialties is a sound company shows that total debts equal focal credits in the company langer. III Il Total assals Next, select the labels, and compute the total liabilitics. Leave any unused cells blank.) Account Amount Total liabilities Finaly, sclert the formula used to calculate the net income ar net loss, and then compute the nct ncomcor Iss. (Use parentheses or a minus sign when entering a net loss.) Net incorne (nellosa) Trial Balance Advantage Specialties Inc. Trial Balance December 31, 2020 Cash 20,000 Accounts receivable 47,000 4,000 237,000 101,000 $ 98,000 Prepaid expenses Equipment Building Accounts payable Note payable Share capital Retained earnings Dividends Service revenue 98,000 55,000 69,000 22,000 230,000 Rent expense 47,000 Advertising expense 3,000 Wage expense 62,000 7,000 Supplies expense $ 550,000|| $ 550,000 Total