Use the information from the 2020 balance sheet to enter the amounts for assets, liabilities, equity and retained earnings.

Hope Enterprises Ltd. Balance Sheet December 31, 2021 Assets: Cash Accounts Receivable Allowance for Doubtful Accounts. Inventory Equipment Truck Accumulated Amortization Liabilities: Accounts Payable Current portion of long-term debt Bank Loan Due to shareholder 503,500340,000517,000400,000 Shareholder's Equity: Share capital Retained earnings \begin{tabular}{rrrr} 1,000 & & 1,000 & \\ 320,000 & 321,000 & 290,000 & 291,000 \\ \hline$1,913,500 & & $1,580,000 \\ \hline \end{tabular}