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Given the Adjusted Trial Balance 1. What is net income? 2. What is… Given the Adjusted Trial Balance 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 BalanceCash ,790Accounts Rec9,500Equipment35,750Acc. Amort -Equip. -15,000Accounts Payable -6,900Salaries Payable-3,770 Interest Payable -375Long-term note payable -30,000Owners, Equity -35,255Revenue – Sales 106,990Cost of Goods Sold 82,900Salaries expense44,450Interest expense 800Utilities Expense 1,000Amortization Expense2,100Total – Accounting Business Financial Accounting ACCT FINANCIAL

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