10. Assets totaled $25,150 and liabilities totaled $8,590 at the beginning of the year. During the year, assets decreased by $3,590 and liabilities increased by $2,890. What is the amount of stockholders equity at the end of the year?

A. $15,860

B. $10,080

C. $16,560

D. $15,080

11. Golden Enterprises started the year with the following: Assets $111,000; Liabilities $39,000; Common Stock $69,000; Retained Earnings $3,000. During the year, the company earned revenue of $5,900, all of which was received in cash, and incurred expenses of $3,450, all of which were unpaid as of the end of the year. In addition, the company paid dividends of $1,900 to owners. Assume no other activities occurred during the year.

The amount of Golden's assets at the end of the year is:

A. $119,350

B. $116,900

C. $120,350

D. $115,000

12. Quartz Instruments had Retained Earnings of $151,000 at December 31, 2020. Net income for 2021 was $96,000, and dividends for 2021 were $36,000. What amount of Retained Earnings should be reported at December 31, 2021?

A. $151,000

B. $211,000

C. $247,000

D. $187,000