The following is Baker Co.'s Pre-Closing Trial Balance as of December 31, 2017. Baker's accounting period is a month, thus the balances in the temporary accounts are for the month of December 2017. Account Debit Credit Cash 10,000 Accounts Receivable 25,000 Inventory 40,000 Supplies 5,000 Equipment 100,000 Accumulated Depreciation 30,000 Accounts Payable 12,000 Note Payable 13,000 Interest Payable 3,000 Unearned Revenue 8,000 Dividends Payable 7,000 Common Stock 10,000 Retained Earnings 46,000 Sales Revenue 193,000 Cost of Goods Sold 78,000 Depreciation Expense 18,000 Wages Expense 42,000 Supplies Expense 3,000 Interest Expense 1,000 Total 322,000 322,000 Based on Baker's account balances, the amount of Net income that would be shown on Baker's Income Statement for December 2017 would be: Blank 1 Blank 1 Add your answer Question 7 6 Points G. Based on Baker's account balances, the amount of Total Assets that would be shown on Baker's Balance Sheet as of December 31, 2017 would be: Blank 1 Blank 1 Add your answer Question 8 6 Points H. Based on Baker's account balances, the amount of Total Equity that would be shown on Baker's Balance Sheet as of December 31, 2017 would be: Blank 1 Blank 1 Add your answer Questions 1 to 11 NoDirt, Inc. was incorporated on June 1, 2017 as a cleaning company. Questions 1 to 11 are based on NoDirt's. transactions during their 1st month of operation. 1. June 1, 2017 Issued stock to new owners and received $10,000 cash from the new owners. Account Name B A. Common Stock 10,000 Cash 10,000 B. Common Stock 10,000 Owners' Investment 10,000 C. Cash 10,000 Common Stock 10,000 D. Due from Owners 10,000 D Cash 10,000 Save and Close Last saved 8:52:44 PM Debit Credit Submit Question 10 2 Points 2. June 1, 2017 Borrowed $12,000 from the bank. NoDirt will pay the loan back to the bank in 6 months. Account Name A B A. Note Receivable 12,000 Cash 12,000 B. Cash 12,000 Working Capital 12,000 C. Cash 12,000 Accounts Payable 12,000 D. Cash 12,000 Note Payable 12,000 Save and Close Debit Credit Submit