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The following account balances were provided by Kate's Consulting Company as of December 31, 2022. begin{tabular}{|lr|} hline Salary Expense & 70,500 hline Accounts Receivable
The following account balances were provided by Kate's Consulting Company as of December 31, 2022. \begin{tabular}{|lr|} \hline Salary Expense & 70,500 \\ \hline Accounts Receivable & 90,000 \\ \hline Accumulated Depreciation-Equipment & 14,800 \\ \hline Supplies & 3,600 \\ \hline Equipment & 74,000 \\ \hline Fees Earned & 175,200 \\ \hline Miscellaneous Expense & 7,400 \\ \hline Salaries Payable & 1,500 \\ \hline Kate, Capital & 90,400 \\ \hline Cash & 38,000 \\ \hline Kate, Drawing & 12,000 \\ \hline Supplies Expense & 6,000 \\ \hline Depreciation Expense & 4,800 \\ \hline Accounts Payable & 24,400 \\ \hline \end{tabular} 1. Prepare and Income Statement 2. Prepare a Statement of Owner's Equity 3. Prepare a Balance Sheet 4. Answer the following questions: a. What are the total assets of the company? b. What is the "Net Worth" of the company? c. How much does the company owe? d. What is the company's bank account balance as of December 31, 2022
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