Question I (20 points) Below are balance sheet, income statement, and the additional information items from the annual report of ABC. The required work for this question is on the following page. "N/A" stands for "not available" (you need to calculate it by yourself but may not be needed). "N/A" does not equal 0. ABC ABC Balance Sheet Income Statement For the year As of December 31, 2020 2021 2020 Assets Revenues 44,000 Cash 10,300 11,300 - Cost of Sales 34.000 Prepaid Rent (B) 800 = Gross Profit 10,000 Inventory 3,000 N/A -Wage Expenses 4,000 PPE, net 50.000 48.000 3.000 -Other Expenses = Net Income Total Assets (A) N/A 3,000 Liabilities Accounts Payable Notes Payable 500 600 12,000 12,000 Unearned Revenues 4.000 5.000 Total Liabilities 16,500 17,600 Shareholders' Equity Contributed Capital 45,000 45,000 Retained Earnings 2.000 6.000 Total Equity 47,000 N/A Total Liabilities and Equity N/A N/A Additional information: 1. In 2021, ABC distributed $2,000 cash dividends. 2. In 2021, ABC did not buy or sell any PP&E. 2021 (D) 35,000 20,000 (C) 6.000 N/A Required: Compute the following numbers (A) - (E). Show your work for each part. A. Total Assets (12/31/2020) (4 points) B. Prepaid Rent (12/31/2020) (4 points) C. Wage Expenses (2021) (4 points) D. Revenues (2021) (4 points) E. Depreciation Expense (2021) (4 points)