Question 25 (10 points)

Given the Adjusted Trial Balance that follows, please answer the following questions. Please show your work.

1. What is net income?
2. What is the total assets?
3. What is the change in Owner's Equity?
4. What is the Current Liabilities balance?
5. What is the Gross Profit Margin (%)?

Note: assume negatives are credit balances.

Adjusted Trial Balance
Cash	$12,450
Accounts Rec	4,500
Equipment	19,750
Acc. Amort - equip	- 2,500
Accounts Payable	- 4,960
Salaries Payable	- 2,270
Interest Payable	- 175
Long-term note payable	- 20,000
Owners, Equity	- 36,255
Revenue - Sales	- 99,990
Cost of Goods Sold	75,750
Salaries expense	45,450
Maintenance expense	5,000
Utilities Expense	2,000
Amortization Expense	1,250
Total	-

Question 25 options: