The adjusted trial balance below was prepared based on Trojan Tour's first year of operations.Answer the questions that follow the adjusted trial balance.You MUST show your work to receive credit!Trojan Tours, Inc.

Adjusted Trial Balance

December 31, 2018Account TitleBalance After AdjustmentsCash20,000Accounts Receivable4,500Equipment45,000Accumulated Depreciation9,500Accounts Payable4,000Unearned Revenue1,200Salaries Payable2,000Interest Payable1,200Notes Payable20,000Capital Stock30,000Revenue39,200Salaries Expense17,000Advertising Expense5,000Fuel Expense2,900Depreciation Expense9,500Interest Expense1,200Dividends2,0001How much would be reported as Total Liabilities on the Balance Sheet?2How much would be reported as Net Income on the Income Statement?