The trial balance of Baker Specialties, Inc., follows: (Click the icon to view the trial balance.) Veronica Gomez, your best friend, is considering Investing in Baker Specialties, Inc. Veronica seeks your advice in interpreting the company's Information. Specifically, she asks how to use this trial balance to compute the company's total assets, total liabilities, and net income or net loss for the year. Read the requirement Begin the following note to answer your friend's questions: Dear Veronica, This trial balance lists the accounts of the company, along with their balances at December 31, 2021. The trial balance provides the data for computing total assets, total liabilities, and net income (loss) Select the labels and compute the total assets. (If an input field is not used in the table, leave the field empty; do not select a label or enter a zero.) Account Amount Total assets Data Table Baker Specialties, Inc. Trial Balance December 31, 2021 Cash $ 13,000 Accounts receivable 49,000 5,000 Prepaid expenses Building Equipment Accounts payable Note payable 103,000 225,000 $ 50,400 94,000 Common stock 65,000 174,600 Retained earnings Dividends 20,000 Service revenue 160,000 Rent expense 55,000 3,000 Advertising expense Wage expense 64,000 7,000 Supplies expense $ 544,000 $ 544,000 Total Print Done 2. Compute the total liabilities for the business. (If a box is not used in the table leave the box empty, do not select a label or enter a zero.) Account Amount Total liabilities 3. Select the labels and compute the net income or net loss during December. (Use parentheses or a minus sign when entering a net loss.) Net income (net loss)