Trial Balance for Lee Industries for the year ending 12/31/20 Debit Credit Cash 50,000 25,000 Accounts receivable Allowance for doubtful accounts 6,000 45,000 5,000 300,000 80,000 20,000 5,000 200,000 25,000 53,000 Inventory Prepaid expense Equipment Accumulated depreciation Accounts payable Salaries payable Note payable (due on 12/31/22) Common stock Retained earnings (12/31/19) Treasury stock Sales revenues Sales discounts Cost of goods sold Salaries expense Rent expense Depreciation expense Gain on sale of equipment Interest expense Totals 6,000 275,000 3,000 150.000 60,000 12.000 5,000 7.000 10,000 671.000 671.000 Using the above trial balance, calculated the following as of or for the year ending 12/31/20. (Use commas, no $ signs, no decimals.) Total assets Current liabilities Gross profit Net income Retained earnings (12/31/20) Total equity