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The ADJUSTED trial balance of Norton Corporation is reproduced below. Norton Corporation Work Sheet For the Year Ended December 31, 2021 Trial Balance Accounts Dr.

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The ADJUSTED trial balance of Norton Corporation is reproduced below. Norton Corporation Work Sheet For the Year Ended December 31, 2021 Trial Balance Accounts Dr. Cr. Cash 12,400 Equity Invest. 14,050 Accounts Rec. 30,000 Allow. for Doubtful Account 420 Inventory 16,800 Supplies 1,040 Equipment 65,000 Equipment 65,000 Accumulated. Depreciation - Equip. 9,500 Accounts Payable 4,400 Notes Payable 10,000 Common Stock 40,000 Ret. Earnings 29,690 Sales Revenue 360,000 Cost of Goods Sold 245,520 Salaries and Wages Exp. 20,800 Sales Comm. Exp. 39,000 Rent Expense 7.200 Misc. Expense 2.200 Totals 454,010 454.010 Required: a) Compute the balance of Retained Earnings that will appear on the balance sheet of the company on 12/31/2021 hint: you should review the videos | posted for Chapter 5 and homework - Chapter 5 carefully. b) Prepare the balance sheet of the Company on 12/31/2021 HTML Editore BI V AA- IE1Ixx, ! E V DV TT 12pt Paragraph

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