The answer given did not balance on the total liabilities, Total liabilities did not balance with total assets, inclusive pf equity. In the section of liabilities, it did not balance with the total assets. you wrote Total liability as 43,900 and total equity as 115,400 which equals 159,300 and not 170,800 as stated. Please assist to re do this thoroughly, as it is an exam question. QUESTION 21: Pastina company sells various types of pasta to grocery store chains as private label brands. The company had the following account balances at the end of its reporting year, December 31, 2020. Prepare in proper form an Income Statement, Statement of Retained Earnings, and Balance Sheet for Pastina. Rent Expense 20,000 Retained Earnings (1/1) 28,500 Equipment 80,000 Advertising Expense 3,000 Accounts Receivable 40,000 Cost of Goods Sold 90,000 Supplies Expense 1,800 Inventory 52,600 Accounts Payable 31,000 Income Tax Expense 11,400 Common Stock 60,000 Accumulated Depreciation 40,000 Salaries Expense 20,400 Allowance for Doubtful Accounts 3,500 Income Tax Payable 11,400 Depreciation Expense 10,000 Cash 23,200 Dividends 8,000 Sales Revenue 196,000 Insurance Expense 4,500 Salaries Payable 1,500 Patents 15,000