Using the information provided, Find the client's

1. Total assets

2. Total liabilities

3. Total equity

4. Net income

Yankton, Inc. is a small, privately held company that has never had an accounting staff. In fact, the owner has run everything out of her checkbook based on cash received and cash paid. This year, however, the owner started negotiating with a local bank to get funding for an expansion. While the bank is willing to consider making the loan, the underwriters have asked that she provide them with a few numbers based on GAAP: total assets, total liabilities, total equity, and net income. Without these numbers, they won't be able to approve the loan. Luckily she has heard that a good accountant can convert cash accounting into GAAP accounting. With that in mind, she has reached out to you for help in calculating all of the numbers that the bank needs. To help with the conversion, Yankton, Inc.'s owner has provided the following information from her cash basis records