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Use the following to answer questions 2026 The following are the year-end account balances (prior to closing) of the company. Cash Accounts Recelvable Supplies Equipment

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Use the following to answer questions 2026 The following are the year-end account balances (prior to closing) of the company. Cash Accounts Recelvable Supplies Equipment Accumulated depreciation Accounts payable Notes payable Common stock Retained eacnings Dividends. Service revenue Salaries expense Supplies expense Rent expense Depreciation expense Miscellaneous expense $32,000 18,000 1,000 850,000 100,000 10,000 250,000 300,000 167,000 30,000 800,000 425,000 6,000 12,000 250,000 3,000 20. 5 Determine total expenses for the vear 21,5 Determine net income for the vear 22.5 Determine ending retained earnings for the year 23. 5 Determine ending total stockholders' equity for the year 24. 5 Determine total Current Assets at the end of the vear: 25.5 Determine Total Assets at the end of the year 26. Should Common stock be closed at year end

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