Ref. No 1 2 3 4 5 6 Q25: Samson Training Institute (STI), a school owned by Steve Samson, provides training to individuals who pay tuition directly to the school. STI also offers training to groups in off-site locations and occasionally receives advance payments from customers. STI provides the following adjusted trial balance (in alphabetic order) for the twelve months ended 12/31/20X7, all account balances are normal: 7 Account Title Accounts Payable Accounts Receivable Accumulated depreciation Accumulated depreciation Advertising expense 12/31st $4,000 14,000 Equipment 19,965 Professional library 20,400 46,000 25,965 70,000 4,725 3,400 85,000 57,000 10,800 2,600 25,000 Cash Common stock 8 Depreciation expense-Equipment 9 Depreciation expense Professional library 10 Dividends 11 Equipment 12 Insurance expense 13 Miscellaneous expense 14 Prepaid Advertising Expense Ref. No 15 16 17 18 19 20 21 22 23 24 25 26 27 What value will STI report on the 12/31/20X7 balance sheet as Retained Earnings? A. $40,000 B. Non