15) Following is an extract of account balances of Wilson Mowing Service as of December 31 of the first year of operation: 16) At the end of the year, what is the amount of total assets? a. $15,000 b. $30,500 c. $18,000 d. $25,500 mA listing of all aceount titles in numerical order is called a(n): A) ledger. B) journal. C) income statement. D) chart of accounts. 18) At the end of the year, what is the amount of total liabilities? a. $12,400 b. $24,100 c. $21,200 d. $12,200 19) Calculate the net income. a. $20,600 b. $11,900 c. $12,200 d. $24,100 20) The total assets and the total liabilities of Samantha Financial Services, are shown below. There were no capital contributions and withdrawals during the year. What was the amount of net income for the year? a. $75,000 b. $45,000 c. $30,000 d. $120,000 21) The amount of net income is transferred from to a. the income statement; the statement of owner's equity b. the balance sheet; the statement of cash flow c. the balance sheet; the income statement d. the income statement; the statement of expenditures 15) Following is an extract of account balances of Wilson Mowing Service as of December 31 of the first year of operation: 16) At the end of the year, what is the amount of total assets? a. $15,000 b. $30,500 c. $18,000 d. $25,500 mA listing of all aceount titles in numerical order is called a(n): A) ledger. B) journal. C) income statement. D) chart of accounts. 18) At the end of the year, what is the amount of total liabilities? a. $12,400 b. $24,100 c. $21,200 d. $12,200 19) Calculate the net income. a. $20,600 b. $11,900 c. $12,200 d. $24,100 20) The total assets and the total liabilities of Samantha Financial Services, are shown below. There were no capital contributions and withdrawals during the year. What was the amount of net income for the year? a. $75,000 b. $45,000 c. $30,000 d. $120,000 21) The amount of net income is transferred from to a. the income statement; the statement of owner's equity b. the balance sheet; the statement of cash flow c. the balance sheet; the income statement d. the income statement; the statement of expenditures