18)

Use the information below for the Michigan Auto Corporation (MAC) to answer the following questions.

Balance Sheet Accounts of Michigan Auto Corporation (MAC) Corporation

Account	Balance 12/31/2021
Accumulated depreciation	$6,650
Accounts payable	$4,000
Accounts receivable	$6,000
Cash	$2,550
Common stock	$9,369
Inventory	$10,000
LongTerm debt	$17,750
Plant, property, and equipment	$32,225
Retained earnings	$7,256

Refer to the Balance Sheet Accounts of MAC Corporation. The value of equity for the

yearend

is ________.

Question content area bottom

Part 1

A.

$11,740

B.

$11,090

C.

$27,725

D.

$16,625