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Use the following to answer questions 20 - 26 The following are the year-end account balances for 20XC (prior to closing) of CA Corporation: Cash

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Use the following to answer questions 20 - 26 The following are the year-end account balances for 20XC (prior to closing) of CA Corporation: Cash Accounts Receivable Supplies Equipment Accumulated depreciation Accounts payable Notes payable Common stock Retained earnings Dividends Service revenue Salaries expense Supplies expense Rent expense Depreciation expense Miscellaneous expense $36,000 45,000 100 665,000 100,000 12,000 125,000 350,000 114,300 65,000 785,000 498,000 1,200 38,000 50,000 88,000 Determine total expenses for the year Determine net income for the year Determine ending retained earnings for the year Determine ending total stockholders' equity for the year 23.$_ 24. $ Determine total Current Assets at the end of the year 25. $ Determine Total Assets at the end of the year 26. Should Common stock be closed at year end

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