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The adjusted trial balance of Lane Company appears below. Lane Company Adjusted Trial Balance December 31, 2025 Debit ($) 5,900 Credit ($) Cash Accounts Receivable
The adjusted trial balance of Lane Company appears below. Lane Company Adjusted Trial Balance December 31, 2025 Debit ($) 5,900 Credit ($) Cash Accounts Receivable 2,900 1,000 Prepaid Insurance Supplies 300 Equipment 7,500 500 Accumulated Depreciation - Equipment Accounts Payable Unearned Revenue 2.750 1,000 Notes Payable 9,000 Common Stock 3,000 Retained Earnings 2,350 500 Dividends Service Revenue 2,600 Utilities Expense 250 Supplies Expense 850 500 Depreciation Expense Rent Expense 1,500 Total 21,200 21,200 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). Net Income/(Loss) $ Total Assets $ Retained Earnings $
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