37. In the first year of operation, Cougar Corp. recorded $35,000 in net income and paid $7,000 in dividends. What is the balance of retained earnings at the end of the year after all closing entries?

		$0
		$7,000
		$28,000
		$35,000

42.

Cougar Corp. recorded revenues of $250,000 in 2018 and $275,000 in 2019. Which of the following is the best way to describe the change in revenues?

		10%
		(10%)
		9.1%
		(9.1%)

43.

Based on the following amounts, what is the best way to analyze rent expense? Revenues $500,000 Cost of Goods Sold 275,000 Gross Profit 225,000 Rent Expense 25,000 Interest Expense 10,000

		11.1%
		10%
		9.1%
		5%