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36. Use this Adjusted Trial Balance to answer the following questions. \begin{tabular}{lrr} Goodwill & 80,000 & \\ AVP & & 30,000 \\ Sales Tax Payable & 2,000 \\ Unearned Sales Revenues & & 8,000 \\ Note Payable & & 5,000 \\ Bonds Payable & & 200,000 \\ Common Stock & 80,000 \\ Paid In Capital in Excess of Par & 250,000 \\ Retained Earnings & 45,000 \\ Treasury Stock & 15,000 & \\ Dividends & 7,000 & \\ Sales Revenue & & 24,000 \\ Catering Revenue & & 10,000 \\ Salary Expense & 9,000 & \\ Depreciation Expense & 5,000 & \\ Rent Expense & 4,000 & \end{tabular} a. What is the Net Income for this business? Sales Revence + catering Revenuc =34,000 Saiary Expense + Depreciaten Expense t Rent Expense =18,000 Net Income = total Rev-total xp=34,00018,000=16,000 b. What is the Net Book Value of the Building? 150,00060,000=90,000 c. What is the value of Current Assets? Casn+A/R+Supplies+PrepaidInsurance+Inventory=258,800 d. What is the value of Intangible Assets Patents=10,000 e. What is the value of Non-Current Liabilities? Bondspayable+notespayabie=205,000 f. What is the value of Stockholder's Equity? commonstock+paisincapitalinExcessofpar+R(-Treasurystock)=360,000 g. Record the journal entry if Effinger sells his Building for $140,000 Cash

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