What information can be calculated from Wendy$$s $2021$ trial balance?

This assignment will help you recall what you learned in ACCT $150$ and will apply in this course.

Outside view of a Wendy's restaurant

The Wendy$$s Company $($NASDAQ: WEN$)$ is a fast$-$food chain and is a publicly held corporation. Wendy$$s fiscal reporting periods consist of $52$ or $53$ weeks ending on the Sunday closest to December $31.$ Wendy$$s $2021$ fiscal year ended January $2,2022,$ and its $2020$ fiscal year ended January $3,2020.$ To follow is a condensed and adapted trial balance as of January $2,2022,$ that was constructed from those financial statements.

Please note that the accounts have been adapted and condensed for educational use and should not be used for investment decisions.

Wendy$$s complete, unabridged financial statements can be found on its investor relations website.

A screenshot of a computerDescription automatically generated with low confidence

Note: The trial balance above can also be downloaded in Excel format for enhanced readability and accessibility. The trial balance should not be used for investment decisions; it has been adjusted for educational purposes.

View a quick tutorial video about trial balances at this link and then answer the following questions.

Questions $($calculate each of the following totals using Wendy$$s trial balance$)$

The intent of this assignment is for you to use formulas of adding and subtracting accounts to obtain various lines on a financial statement.

Current assets

Total assets

Current liabilities

Total liabilities

Net income

Ending retained earnings

Total stockholders$$ equity

Write Wendy$$s accounting equation in $ as of January $2,2022.$