37 (4 points) Rory Health Foods, Inc. has 13.000 shares of $5 par common stock outstanding. The shares were issued at $12 per share. Rory also has a deficit balance in Retained Earnings of $86,000. How much is Rory's total a 38 stockholders' equity? $70,000 b $156,000 c $65.000 d. $242,000 (2 points) A company sells $100,000 (sales price) of goods and collects sales tax of 3%. What current liability does the sale create? Sale revenue of $13,000 Sales tax payable of $3,000 c Uneared revenue of $3,000 d. No current liability is created - the full amount is recorded in the stockholders' equity section. a b. 39. (2 points) Burnam Electric, Inc. owed estimated Warranty Payable of $1,500 at the end of 2020. During 2021, Burnam made sales of $140,000 and expects product warranties to cost the company 6% of the sales. Also, during 2021, Burnam paid $2,600 for warranty claims from customers. What is Burnam's estimated Warranty Payable at the end of 2021? $8,400 $7,300 $2,600 d. $9,900