4.

Elston Company compiled the following financial information as of December 31, 2010: Sales $140,000 Common stock 30,000 Equipment 40,000 Expenses 125,000 Cash 35,000 Dividends 10,000 Inventory 5,000 Accounts payable 20,000 Accounts receivable 15,000 Retained earnings, 1/1/10 75,000 Elstons stockholders equity on December 31, 2010 is:

$105,000

$110,000

$ 80,000

$120,000

5.

These are selected account balances on December 31, 2010 for Sigma Corp. Land $100,000 Corporate Office Building 600,000 Inventory 200,000 Equipment 150,000 Office Furniture 100,000 What is the total amount of property, plant, and equipment that will appear on the balance sheet?

		$1,050,000
		$1,150,000
		$850,000
		$950,000