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The following trial balance (prepared by a poorly trained accountant with accounts in alphabetical order) is available for Sanders, Inc. at December 31, 2021. Debit

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The following trial balance (prepared by a poorly trained accountant with accounts in alphabetical order) is available for Sanders, Inc. at December 31, 2021. Debit Credit Accounts Payable $60,000 Accounts Receivable $70,000 Accumulated Depreciation - Equipment 110,000 Allowance for Uncollectible Accounts 2.300 Cash 52,000 Common Stock 100 Depreciation Expense 20,000 Dividends 8,000 Equipment 278,900 Notes Payable 250,000 Prepaid Advertising 25,500 Retained Earnings 20,000 Salaries Expense 448,000 Service Revenue 500,000 Totals $922.400 $922.400 A. What amount will Sanders report as "Total assets on its December 31, 2021 balance sheet? B. What amount will Sanders report as "Net income" on its 2021 income statement? C. What amount will Sanders report as "Retained earnings" on its December 31, 2021 balance sheet

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