The following are the year end account balances for 20XC (prior to closing) of J&T Corporation: &T Cash Accounts Receivable Supplies Equipment Accumulated depreciation Accounts payable Notes payable Common stock Retained earnings Dividends Service revenue Salaries expense Supplies expense Rent expense Depreciation expense Miscellaneous expense $40,000 44,000 1,000 800,000 90,000 25,000 200,000 300,000 250,000 50,000 352,000 200,000 2,000 25,000 30,000 25,000 21. $ 20.5 _Determine total expenses for the year _Determine net income for the year 225 Determine ending retained earnings for the year 23.5 Determine ending total stockholders' equity for the year 24. $ _Determine total Current Assets at the end of the year 255 _Determine Total Assets at the end of the year 26. Should Common stock be closed at year end