Problem 2 >> Intro Below is the balance sheet for Glucose Control Company as of Dec. 31, 2020. The company reported an annual net income of $86,000 for the following year, 2021, but did not change its assets or liabilities, unless otherwise noted. Assets Cash Marketable securities Accounts receivable Inventory Current assets Machines Real estate Fixed assets Total assets 12 000 2,000 4,000 42,000 60.000 34 000 Liabilities and Equity Accounts payable 21.000 Notes payable 6,000 Current liabilities 27,000 Long-term debt 95,000 Total liabilities 122,000 Paid-in capital 20.000 Retained earings 32,000 Equity 52,000 Total liab. & equity 174,000 80,000 114,000 174.000 Part 1 - Attempt 2/10 for 10 pts If the company distributed its entire net income as dividends what would be the value of total equity on Dec 31, 2017 On dcimas Submit Show all parts