35. On which financial statements are capitalized expenditures included? a. Balance Sheet b. Income Statement c. Statement of Cash Flows d. Statement of Stockholders' Equity 36. Which account would appear in the current liabilities section of the balance sheet? a. Note receivable due in 6 months b. Accounts receivable c. Note payable due in 18 months d. Salaries payable 37. Where does accumulated depreciation appear in the financial statements? a. Statement of cash flows b. Income statement c. Balance sheet d. Statement of stockholders' equity 38. Gwen Company purchased manufacturing equipment for $89,000 on October 31, 2019. Gwen Company estimates that the equipment will be worth $19,000 when they are done using it in 10 years. What will be the net book value of the equipment in Gwen Company's December 31, 2020 balance sheet? a. $87,833 b. $61,833 c. $75,000 d. $80,833 39. Antique Company reported the following balances in its December 31, 2019 balance sheet. Calculate Antique Company's current ratio. Total current assets $160,410 Total assets 389,000 Total current liabilities 209,200 Total liabilities 340,650 Total stockholders' equity 48,350 a. 1.14 b. 0.47 c. 0.77 d. 1.30 40. Use your calculation of Antique Company's current ratio from #39 above. Assume that Historic Corporation, a competitor, had a current ratio of 1.10. Which company has a stronger current ratio? a. Antique Company b. Historic Corporation