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ered 5 stion Based on the following illustration: Mindy Merchandising Company Trial Balance December 31, 2017 DR CR Cash 17,500 Account Receivable 11,000 Equipment 16,500

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ered 5 stion Based on the following illustration: Mindy Merchandising Company Trial Balance December 31, 2017 DR CR Cash 17,500 Account Receivable 11,000 Equipment 16,500 Office Supplies 3,000 Prepaid Insurance 4,300 Office Furniture 14,500 Account Payable 4,200 Notes Payable 4,300 Loan Payable 16,600 Unearned Revenue 2,100 Sales 35,300 Sales discounts 600 Cost of Goods Sold 14,500 Salaries Expense 7,400 Rent Expense 5,500 Utilities Expense 800 Share Capital 24,000 Retained Earnings 12,100 Dividends 3,000 98,600 98,600 When financial statements have been prepared on December 31" using account balances from the above trial balance, what would be the amount of total equity in the balance sheet? 51

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