Compute total liabilities to report on Balance Sheet:

Compute common stock to report on Balance Sheet:

Compute retained earnings to report on Balance Sheet:

Use the following information to answer the questions below. Klein Interiors has the following account balances at the end of the year. Accounts are not listed in traial balance order. Accounts Balances Deferred Revenue $20,000 Common Stock $25,000 Cash $20,000 Retained Earnings $17,000 Salaries Expense $40,000 Notes Payable $20,000 Dividends $5,000 Accounts Receivable $80,000 Service Revenue $63,000 Compute total assets to report on Balance Sheet