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The following information is provided for Carl's Classic Cars Ltd. Carl's Classic Cars Ltd. Adjusted Trial Balance December 31, 2020 Debit Credit Cash $37,000 Accounts

The following information is provided for Carl's Classic Cars Ltd.

Carl's Classic Cars Ltd.
Adjusted Trial Balance
December 31, 2020
Debit Credit
Cash $37,000
Accounts receivable 187,000
Supplies 42,000
Inventory 372,000
Land 427,000
Buildings 527,000
Accumulated depreciation, buildings $131,750
Accounts payable 87,000
Line of credit 47,000
Bank Loan payable 787,000
Common shares 287,000
Retained earnings 122,425
Dividends declared 20,000
Sales 1,007,000
Cost of goods sold 537,000
Depreciation expense 13,175
Income tax expense 157,000
General and administrative expense 150,000
Total $2,469,175 $2,469,175
Additional Information
$20,000 Dividends were declared and paid during the year
$100,000 of Common shares were issued
$22,000 of the bank loan is due in 2021

Using the above adjusted trial balance, calculate the following balances.

Enter your answer in the following format: $xxx,xxx Do not enter decimals. For example five thousand is entered as $5,000.

1. Current Assets:

2. Current Liabilities:

3. Net Income:

4. Property, Plant and Equipment:

5. Non-Current Liabilities:

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