The adjusted trial balance of Lala Company appears below.

Adjusted Trial Balance

Lala Company
Adjusted Trial Balance
December 31, 2030
	Debit ($)	Credit ($)
Cash	11,500
Accounts Receivable	3,000
Prepaid Rent	1,000
Inventory	8,500
Building	120,000
Accumulated Depreciation - Building		4,400
Accounts Payable		8,000
Unearned Revenue		2,000
Notes Payable		100,000
Common Stock		25,000
Dividends	1,000
Sales Revenue		26,000
Salaries and Wages Expense	5,000
Rent Expense	3,000
Depreciation Expense	4,400
Interest Expense	8,000
Total	165,400	165,400

Calculate (1) the net income/(loss) which would be reported on income statement, (2) the amount of total assets which would be reported on the balance sheet, and (3) the amount of retained earnings which would be reported on both balance sheet and statement of stockholders' equity.

• When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign.
• For any negative amount, make sure to use parentheses. If the result is net loss of $1,000 for example, you should be typing (1,000) or (1,000.00).

Responses

Net Income/(Loss)	$
Total Assets	$
Retained Earnings	$