31 Compute the amount of liabilities: Assets $77,000 Stockholders' Equity = $70,000 QUESTION 32 Rhino Products, an online retailer, had the following purchase and sales activity for a particular inventory item during the month of August: Aug. 1-Inventory Aug. 19-Purchase Aug. 21-Purchase Aug 26-Sale Units Cost $132 $ 144 $ 145 Selling Price 1 $220 if Rhino Products uses the first-in first-out inventory costing method, what amount of merchandise inventory will the company report at the end of August? QUESTION 33 On March 23, XXX Company signed a note promising to pay ZZZ Company $20,000 plus interest at a rate of 3% in 60 days. The agreement called for interest to be calculated using a 360 day year. How much interest will accrue over the term of the