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21. Atlantic Corporation reported the following amounts at the end of the first year of operations: contributed capital $200,000; sales revenue $800,000; total assets $600,000; dividends declared $40,000; and total liabilities $320,000. What are Atlantics' retained earnings at the end of the year and how much expenses were incurred during the year? 22. A company's January 1, 2010 balance sheet reported total assets of $150,000 and total liabilities of $60,000. During January 2010, the company completed the following transactions: (A) paid a note payable using $10,000 cash (no interest was paid); (B) collected a $9,000 accounts receivable; (C) paid a $5,000 accounts payable; and (D) purchased a truck for $5,000 cash and by signing a $20,000 note payable from a bank. What is the balance of asset, liability, and stockholder's equality in the companys January 31, 2010 balance sheet? 23. Match the classification with the accounts. Enter the letter of its balance sheet or income statement classification (A, L, SE, R, or E). If the item should not appear on the balance sheet or the income statement, enter X. Marketable Securities Income Tax Expense Supplies Accounts Payable Prepaid rent oods Sold Property, Pl Income Taxes PayableEquipment Prepaid utility expenseSg Expenses Retained Earnings Property, Plant& Cash