12. A classified balance sheet lists assets in order of the their A. Ability to convert to cash quickly B. Ability to generate sustainable revenue C. Capacity for taxation D. Average market value over the past 30 days Use the following information for questions 13-15 At the end of the year, but before closing, Walter's Car Wash LLC had $5,500 in Retained Earnings, $18,000 in Equipment, $8,000 in Accounts Receivable, $2,000 in Accounts Payable, $35,250 in Revenue, $15,750 in Expenses and paid out $1,000 in Dividends. At the end of the year, but before closing, its competitor, Jim's Filling Station, Inc, had $7,500 in Retained Earnings, $23,000 in Equipment, $9,500 in Accounts Receivable, $2,000 in Accounts Payable, $46,000 in Revenue, $21,000 in Expenses, and paid out $2,000 in Dividends closed, how much will it have in Retained 13. After Walter's Car Wash LLC's accounts are Earnings? A. $15,500 B. $35,000 C. $24,000 D. $72,500 14. After Jim's Filling Station, Inc.'s accounts are closed, how much will it have in Retained Earnings? A. $30,500 B. $26,500 C. $93,500 D. $51,500 15. After the accounts have been closed, Walter's Car Wash LLC's total assets are and Jim's Filling Station, Inc.'s total assets are A. $26,000; 532,500 B. $31,500; 540,000 C $45,500; $57,500 D. 56,500; 57,500