Use the following to answer questions 20-26 lowing are the year-end account balances for 20xC (prior to closing) of BA Corporation: $15,000 20,000 A=LASE 200 RECS 1,000,000 200,000 10,000 250,000 400,000 RE+I-D 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 56,200 Beginning 60,000 456,000 - 195,000 - 1.000 - 6,000 - 25,000 - 50,000 - 20. 5271000 Determine total expenses for the year 21. $170000_Determine net income for the year 22 $ 175200 Determine ending retained earnings for the year 23. $515200 Determine ending total stockholders' equity for the year 24. Determine total Current Assets at the end of the year 25. $135 200 Determine Total Assets at the end of the year 26. Should Common stock be closed at year end? ND Chapter 3 Page