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5. Use the following information to determine the balance in Common Stock as of December 31, 2020. Assets - December 31, 2020 Liabilities - December

5. Use the following information to determine the balance in Common Stock as of December 31, 2020. Assets - December 31, 2020 Liabilities - December 31, 2020 Retained Earnings - January 1, 2020 Dividends for 2020 $50,000 20,000 12,000 1,000 Revenues for 2020 Expenses for 2020 Cash $15,000 5,000 2,000 A. $21,000 B. $18,000 C. $ 8,000 D. $ 9,000 $ 39,000 E.
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5, Use the following information to determine the balance in Common Stock as of December 31, 2020. Assets - December 31, 2020 $50,000 Revenues for 2020 $15.000 Liabilities - December 31, 2020 20.000 Expenses for 2020 5.000 Retained Earnings - January 1, 2020 12.000 Cash 2,000 Dividends for 2020 1.000 A $21.000 B. $18.000 C. $ 8.000 D. $ 9,000 E. $ 39,000

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