t of Following Trial Balance related to ABC Company for the year ended December 31, 2021: $ 1,500 Service revenue 10,000 Cash 11,000 4,000 10,000 5,000 LOUS PAGE Supplies Other operating expenses Accounts payable Accounts receivable Common stock Retained earnings (beginning) Select one: True Dividends Notes payable Equipment Using the above information, ABC Company Net income is $9000, the Closing balance of retained earnings is $8,000, and Total Assets are $30,500. False Time left 0:13:06 $19,000 15,000 6,000 1,000 9,500 NEXT PAGE

Following Trial Balance related to ABC Company for the year ended December 31, 2021: Using the above information, ABC Company Net income is $9000, the Closing balance of retained earnings is $8,000, and Total Assets are $30,500. Select one: True False