1. Rock Springs Mountain Company has beginning retained earnings of $600,000, earns a net income of $100,000, and pays dividends of $12,000 during the period. The balance in Rock Springs' Mountains ending retained earnings is:

A. $712,000

B. $688,000

C. $700,000

D. $488,000

2. Henrietta Company reported total stockholders equity of $870,000 on its Dec 31, 2018, balance sheet. The following information is available for the year ended Dec 31, 2019:

Revenues	$1,260,000
Expenses	990,000
Assets on Dec. 31, 2019	2,432,000

What are the total liabilities of the company on December 31, 2019?

A. $2,432,000

B. $1,292,000

C. $ 562,000

D. $1,260,000