Vivarium Company commercializes plants and flowers for households.At the end of 2019, after recording all the transactions of the year, the company has the following accounts and balances in the unadjusted trial balance. The company uses the periodic system of inventory. It should make adjustments before producing the financial statements.

- Purchases of inventory 120,000

- Account receivables 15,000

- Land 100,000

- Retained earnings 25,000

- Common stock 60,000

- Inventory 35,000

- Computer 15,000

- Accumulated depreciation 5,000

- Accounts payable 20,000

- Sale of inventory 150,000

- A loan from Banco Bankinter, 80,000, of which a half must be repaid in the next year

- Cash ?

Required:

1.- Calculate the final balance of Cash for Vivarium.

2.- Record the adjustment entries for depreciation and inventory. The physical checking shows that the value of the ending inventory is 20,000.The company depreciates 20% of the cost of the fixed assets each period. After the adjustment, record the closing entries and calculate the net income.

How can I solve this?