2.)Willie Company's retained earnings increased $33,000 during 2014. What was Willie's 2014 net income or loss given that Willie declared $64,000 of dividends during 2014?

3.)Lena Company has provided the following data (ignore income taxes): 2014 revenues were $87,000. 2014 expenses were $49,600. Dividends declared and paid during 2014 totaled $8,700. Total assets at December 31, 2014 were $195,000. Total liabilities at December 31, 2014 were $125,000. Common stock at December 31, 2014 was $37,000. Which of the following is correct? Total stockholders' equity at December 31, 2014 was $254,000. Retained earnings at December 31, 2014 were $28,700. 2014 net income was $28,700. Retained earnings at December 31, 2014 were $33,000.

At the beginning of 2014, a corporation had assets of $270,000 and liabilities of $170,000. During 2014, assets increased $12,000 and liabilities increased $1,000. What was stockholders' equity on December 31, 2014? $159,000 $281,000 $111,000 $87,000

5.)Which of the following properly describes the impact on the financial statements when a company borrows $23,000 from a local bank? Liabilities increased $23,000. Assets decreased $23,000. Net income decreased $23,000. Stockholders' equity increased $23,000.