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26. Total gross profit is: a. $190,000 b. $35,800 c. $200,000 d. $38,500 27. Total operating expenses equal: a. $176,500 b. $168,500 c. $166,500 d.

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26. Total gross profit is: a. $190,000 b. $35,800 c. $200,000 d. $38,500 27. Total operating expenses equal: a. $176,500 b. $168,500 c. $166,500 d. $161,500 28. Income from operations is: a. $38,500 b. $35,800 c. $31,500 d. $23,500 29. Net income is: a. $28,800 b. $20,800 c. $27,800 d. $5,800 Anteater Recreations, Inc. is located on campus. At the end of December 31, 2018, the following accounts appeared in its adjusted trial balance. Additional Data: $30,000 of the Mortgage Payable is due for payment in the next twelve months. 30. Total current assets at December 31,2018 equal: a. $233,700 b. $133,700 c. $333,700 d. $328,600 31. Total long-term assets at December 31,2018 equal: a. $310,000 b. $214,900 c. $194,900 d. $219,200 32. Total current liabilities at December 31,2018 equal: a. $83,600 b. $163,600 c. $113,600 d. $103,600 33. Total ending retained earnings at December 31,2018 is: a. $25,000 b. $19,200 c. $40,000 d. $10,000 34. Total stockholders' equity at December 31,2018 is: a. $150,000 b. $159,200 c. $140,000 d. $165,000

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