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The following account balances were taken from the financial statements of Indirect Cable Inc. as of December 31, 2020, Question 5: Accounts Payable Accounts Receivable
The following account balances were taken from the financial statements of Indirect Cable Inc. as of December 31, 2020, Question 5: Accounts Payable Accounts Receivable Accumulated Depreciation - Equipment Advertising Expense Cash Common Stock Dividends Equipment Land $ 25,000 42,000 6,000 3,400 15,500 44,000 2,300 15,500 52,000 Notes Payable due in 2025 $ 12,800 Prepaid Insurance 3,900 Rent Revenue Retained Earnings, 1/1/20 Salaries & Wages Expense Service Revenue 49,100 Supplies 12,000 Unearned Revenue 5,500 Utilities Expense 7,200 5,700 40,600 34,900 Calculate the below totals/amounts based on the above account balances. Revenues Current Assets Expenses Property, Plant & Equipment Net Income Current Liabilities Retained Earnings 12/31/2020 Long Term Liabilities Please show your work/calculations in the space below
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