the trial balance of larrabee design inc follows amy swoboda your best friend is con 4521395

The trial balance of Larrabee Design, Inc., follows: Amy Swoboda, your best friend, is considering making an investment in Larrabee Design, Inc. Amy seeks your advice in interpreting the company’s information. Specifically, she asks how to use this trial balance to compute the company’s total assets, total liabilities, and net income or net loss for the year. Requirement 1. Write a short note to answer Amy’s questions. In your note, state the amounts of Larrabee Design’s total assets, total liabilities, and net income or net loss for the year. Also show how you computed each amount.

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