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Use the following information to calculate for the year ended December 31, 2020 (a) net income, (b) ending owner's equity, and (c) total assets.

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Use the following information to calculate for the year ended December 31, 2020 (a) net income, (b) ending owner's equity, and (c) total assets. Supplies $3,400 Revenues $25,800 Operating expenses 11,400 Cash 15,400 Accounts payable 9,800 Drawings 1,400 Accounts receivable 3,400 Notes payable 2,400 Beginning Capital 5,400 Equipment 8,400 (a) Net income (b) Ending owner's equity (c) Total assets $ $

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