You are given the following information for Smart Company for the year 2020 Assets (5) Liabilities (5) Owner's Equity (5) Values on 722.000 124.600 277777 1/1/2020 During the year 2020. assets increased by $ 23.200. The year was bad for business, as the company recorded a netloss of $17.450. Also, during the year, the owner Clever invested an additional $ 20,000 into the business, and withdrew tatar $ 3.600 for personale Required. Calculate the value of total abilities, on 31/12/2020 Note: fwrite your answer as a number only, no dollar signs or comma Answer 28 M300 You are given the following counts for ABC Company, on 31 December 2020 Accounts Receivable $ Sales discounts $4,200 26.000 Sales Revenue Cost of goods purchased 528,000 $298.000 Expenses Accounts payable 3.520 45.000 Beginning Inventory Land $120,000 1/1/2020) $ 92,300 Uneared Revenue $ Sales mums and 12.000 lowance 9.300 Salaries Expenses Omer Operating 50.000 Eponges $75.000 Prepaid Rent $ 12.000 Ending inventory 122020) $50.500 Rent Revenue $4,000 Series payable $3,800 Required. Calculate the net Income foss) for the Company for the year ended 31/12/2020 Note: (write your answer as a number only, no dollar signs or commas