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Tiger Company had the following information on December 31, 2020 Accounts payable $ 175,000 Accounts receivable 321.000 Cash 166,000 Common stock 70,000 Fees earned 900.000 Miscellaneous expense 37,000 Rent expense 180,000 Supplies 13.000 Supplies expense 38.000 Taxes expense 30,000 Utilities expense 25.000 Wages expense 425.000 Calculate net Income $900.000 $351.000 O $115.000 $281.000 Eagle Company's Balance Sheet on January 1, 2020 showed the following: Total Assets = $750.000: Total Stockholders' Equity = $450,000 During 2020, total assets increased $75.000 and total liabilities increased $30,000. Calculate total stockholders' equity on December 31, 2020. $300.000 $495.000 $450.000 $330.000 Mason Company bought a one year insurance policy on January 1 for $1.200. If the company prepares adjustments on January 31, the necessary adjustment would: Decrease assets and stockholders' equity 5100 Increase assets $1.200 Have no effect on total assets Decrease assets and increase stockholders equity 5100