The Rachel's Enterprises Solutions had the following balance sheet as of December 31, 2020. The transactions for the rst three months of 2021 are also presented along with other information about specific accounts. Rachel's Enterprises Solutions Incorporated Balance Sheet December 31, 2020 ASSETS Cash Marketable Securities Accounts Receivable Uncollectible Accounts Inventory Supplies Prepaid Insurance Total Current Assets Land Equipment Accumulated Depreciation Building Accumulated Depreciation Intangible Assets Total Long-Term Assets Total Assets $ 37,000 10,000 03,000 -2,000 74,000 4,000 L $193,500 $11 1,500 21 7,000 -97,000 590,000 -1 10,000 50,000 $7?1,150 $965,000 LIABILITIES Accounts Payable Wages Payable Taxes Payable Short-Tenn Note Payable Interest Payable Unearned Revenue Unearned Consulting Rev. Total Current Liabilities Long-Term Notes Payable Bonds Payable Mortgage Payable Total Long-Term Liabilities STOCKHOLDER EQUITY Capital Stock Paid in Capital Retained Earnings Total Stockholders Equity Total Liabilities 6': Equity 0 40,000 10,300 7,200 30,000 2000 20,000 51% $ 115,000 $ 50,000 100,000 350,000 $500,000 $100,000 140,000 1 10,000 $350,000 $965,000