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QUESTION 2 0.2 p John Tyler is the owner of his own business. On December 31, Tyler's assets, liabilities, revenues and expenses were: $3,000 900 2,500 Accounts Payable Accounts Receivable Cash $4,000 5,000 14.000 Insurance Expense Miscellaneous Expense Rent Expense Salaries Expense Supplies Expense Service Revenue 19,000 11.000 Equipment Notes Payable Supplies Inventory 1,200 45,000 4,600 700 What are Tyler's total assets on December 31? O $30,700 O $25,700 O $22,100 O $19.700 QUESTION 1 Millard Fillmore is the owner of his own business. On December 31 Fillmore's assets, liabilities, revenues and expenses were $3,000 Accounts Payable $4,000 900 Accounts Receivable 5.000 Cash 14,000 Insurance Expense Miscellaneous Expense Rent Expense Salaries Expense Supplies Expense Service Revenue 2,500 19,000 11,000 1,200 Equipment Notes Payable Supplies Inventory 4,600 45,000 700 On December 31, net income is equal to $18,400 $45,000 O $26,600 O $17.400