(New Problem - not a continuation of the prior problem) Balance Sheet - three (3) questions Instructions: Please prepare a Balance Sheet on your scratch paper based on the following Partial Adjusted Trial Balance. Use this Balance Sheet to answer this question and the next two questions. You will need to know the amounts for total assets, total current assets, and total stockholders' equity. Adjusted Trial Balance As of 12/31/20xx Accounts Account Balances Cash $20,524 Accounts 30,000 Receivable Allowance 4,000 for Uncollectible Accounts inventory 35,000 webcourses.ucl.edu/courses/1360568/quizzes/201712/take Adjusted Trial Balance As of 12/31/20xx Accounts Account Balances Cash $20.524 Accounts 30,000 Receivable Allowance 4.000 for Uncollectible Accounts Inventory 35,000 Building 140,140 Accumulated 110.000 Depreciation Accounts 12.524 Payable Deferred 10.000 Revenue Common 120.000 Stock Retained 120.000 Earnings Dividends 3,000 Revenue 65.140 Sales) Sales 11.000 ebcourses.ucl.edu/courses 1369566/ zes 200/12 STOCK Retained 20,000 Earnings Dividends 3,000 Revenue 65,140 Sales) Sales 11,000 Allowances Rent 4.000 Expense interest 4,000 Expense Income Tax 4.000 Expense Question: Based on the Partial Trial Balance and Additional Info shown below, what is the amount of the Total Assets shown on the Balance Sheet you prepared on your scratch paper? Additional Information: . Net Income After-taxes for the Accounting Period equaled $52,140 Beginning Balance of Common Stock on 1/1/20xx $20,000 Beginning Balance of Retained Earnings on 1/1/20xx $20.000 No new stock was issued during the accounting period. Hint: Please remember the formula for retained earnings when preparing this statement . Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 Question 39 4.75 pts Balance Sheet Question: Based on the Balance Sheet you prepared on your scratch paper, what is amount of the Total Current Assets shown on the Balance Sheet you prepared on your scratch paper? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123 Question 40 4.75 pts Question 40 4.75 pts Balance Sheet Question: Based on the Balance Sheet you prepared on your scratch paper, what is amount of the Total Stockholders' Equity shown on the Balance sheet you prepared on your scratch paper? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123