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Question 82 (2 points) What is the correct amount of current assets? Question 83 (2 points) What is the correct amount of long-term liabilities? Question 84 (2 points) What is the correct amount of long-lived assets? Question 85 (2 points) What is the correct amount of total equity? Question 86 (2 points) What is the correct amount of total assets? A/ Question 87 (2 points) What is the correct amount of total liabilities? Question 88 (2 points) What is the correct amount of retained earnings? A/ Previous Page Page 7 of 7 Terrific Computer Systems Ltd. Balance Sheet Year ending December 31, 2021 ASSETS Cash 6,520 Office supplies 1,045 Prepaid insurance 800 Inventory 2,750 Accounts receivable 3,525 Prepaid rent 650 Deferred revenue 1,280 Equipment 65,350 TOTAL ASSETS 81,920 1,250 2,500 12,570 18,000 LIABILITIES AND EQUITY interest payable Salaries payable Accumulated depreciation Note payable (due in 2022) Accounts payable Income tax payable Dividends Retained earnings (INCORRECTI) Profit Owners' capital TOTAL LIABILITIES AND EQUITY 1,455 950 (3,000) 28,655 7,540 12.000 81.920