7. Elmhurst, Inc. currently has $4,700 in cash. The company owes $41,800 to suppliers for merchandise and $21,500 to the bank for a long-term loan. Customers owe Wakehurst $28,500 for their purchases. The inventory has a book value of $63,300 and an estimated market value of $81,200. If the store compiled a balance sheet as of today, what would be the book value of the current assets? A. $46,800 B. $55,600 C. $64,700 D. $74,900 E. $96,500 Current assets - $ +$ +$ T. 9. Ben's Clothing had beginning retained earnings of $24,000. During the year, the company reported sales of $103,490, costs of $68,407, depreciation of $8,200, dividends of $4,000, and interest paid of $478. The tax rate is 35 percent. What is the retained earnings balance at the end of the year? e A. $31,883.25 B. $32,193.95 e C. $35,833.24 D. $36,783.24 E. $37,163.25 s Net income -($ (1 -0. S Ending retained earnings = $ $ e