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The December 31, 2021 (pre-closing) adjusted trial balance for Kline Enterprises was as follows: Debit Credit 98,000 178,000 268,000 498,000 Account Title Accounts payable Accounts
The December 31, 2021 (pre-closing) adjusted trial balance for Kline Enterprises was as follows: Debit Credit 98,000 178,000 268,000 498,000 Account Title Accounts payable Accounts receivable Accumulated depreciation-equipment Common stock Cash Cost of goods sold Depreciation expense Equipment Interest expense Inventory Note payable (due in six months) Rent expense Retained earnings Salaries payable Sales revenue Salaries expense Totals 34,000 488,000 68,000 716,000 5,000 158,000 68,000 38,000 71,000 16,000 794,000 128,000 1,813,000 1,813,000 Required: Compute Kline's 12/31/2021 total shareholders equity: Shareholders' equity
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