The adjusted trial balance for Markle Company as of December 31, 2019 is as follows:

Markle COMPANY

Adjusted Trial Balance

Year Ended December 31, 2019

AccountsDebitCredit

Cash$10,000

Accounts Receivable14,000

Supplies2,000

Prepaid Insurance8,000

Computer Equipment 125,000

Accum. AmortizationComputer Equipment $25,000

Accounts Payable15,000

Note Payable, due Dec 31 202222,000

Salaries Payable24,000

J. Yan, Capital30,000

J. Yan, Drawings1,500

DVD Rental Revenue82,500

Advertising Expense2,000

Amortization Expense5,000

Insurance Expense3,000

Rent Expense8,000

Salaries Expense16,000

Supplies Expense4,000

Totals$198,500 $198,500

A) Compute the Net Income

B) Compute the ending Capital Balance

C) Prepare classified balance sheet for Markle Company, in good form