Question: I need the answer as soon as possible 612 4G lli. 1 0:0 ... First Assignment.pdf 1 1 1 First Assignment (10 degree) Financial Statement

I need the answer as soon as possible

612 4G lli. 1 0:0 ... First Assignment.pdf 1 1 1 First Assignment (10 degree) Financial Statement Items Presented below is selected information related to Li Fashions at December 31, 2020. Li reports financial information monthly. Equipment Utilities Expense HK$4,000 HK$10,000 Cash 9,000 8,000 36,000 Service 7,000 Revenue Rent Expense Accounts Payable Accounts Receivable Salaries and Wages Expense Notes Payable Owner's Drawings 11,000 2,000 16,500 5,000 a. Determine the total assets and liabilities at December 31, 2020. b. Determine the net income reported for December 2020. c. Determine the owner's equity at December 31, 2020

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