19. A company was recently formed with $ 100,000 cash contributed to the company by stock-holders. The company then borrowed $ 50,000 from a bank. What is the amount of total equity to be reported on the balance sheet? A. C. D. $150,000 $ 50,000 $0 $ 100,000 20. Using the information below prepare a classified balance sheet as of December 31, 2018 and an income statement and statement of retained earnings for the year ending December 31, 2018: Cash Accounts Receivable Dividends Accounts Payable Common Stock Sales Rent Expense Wage Expense Equipment Notes Payable (due in 5 years) Retained Earnings Begin 1/1/18 Retained Earnings End 12/3/18 $34,000 $ 9,000 $ 1,000 $ 2,000 $44,000 $20,000 $ 3,000 $11,000 $26,000 $18,000 $0 $5,000