Brief Exercise 3-2 (Algo) Balance sheet classification [LO3-2, 3-3) The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal year: cash, $29,000; accounts receivable, $24,000; inventory, $38,000; equipment (net), $93,000; accounts payable, $27,000; salaries payable, $11,500; Interest payable, $7,500; notes payable (due in 18 months), $43,000; common stock, $76,000. Calculate total current assets and total current liabilities that would appear in the company's year-end balance sheet Current assets Current liabilities Brief Exercise 3-3 (Algo) Balance sheet classification (LO3-2, 3-3) The trial balance for K and J Nursery, Inc., listed the following account balances at December 31, 2021, the end of its fiscal year: cash. $19,000; accounts receivable, $14.000; Inventory $28,000; equipment (net), $83,000; accounts payable, $17.000; salaries payable $6,500: Interest payable, $2,500; notes payable (due in 18 months). $33,000; common stock, $56,000. Determine the year-end balance in retained earnings for K and J Nursery, Inc. Retained earnings