Presented below is selected information related to Kirby Company at December 31, 2020. Kirby reports financial information monthly.

a. Determine the total assets of Kirby Company at December 31, 2020.
b. Determine the net income that Kirby Company reported for December 2020.
c. Determine the owner€™s equity of Kirby Company at December 31, 2020.

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Accounts Payable Salaries and Wages Expense Notes Payable Rent Expense $ 3,000 $16,500 25,000 10,500 Cash 6,500 Advertising Expense 6,000 Accounts Receivable Service Revenue 53,500 13,500 Owner's Drawings Equipment 29,000 7,500