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964/quizzes/ Use the following information to answer the next 5 questions: The account balances for a company are listed below. All balances are as of
964/quizzes/ Use the following information to answer the next 5 questions: The account balances for a company are listed below. All balances are as of December 31.2021, except where noted otherwise. Accounts Payable $ 7,200 Operating Expenses 8,600 Accounts Receivable 8:400 Equipment 74,500 Accrued Expenses 5,600 Furniture 16,600 Prepaid Expenses 500 Notes Payable (due 12/31/23) 20,900 Dividends 2,000 Accumulated Depreciation 10,000 Sales Revenue 89,500 Cash 14,000 Notes Payable (4/30/22) 2,500 Common Stock ??? Cost of Goods Sold 40,800 Goodwill 10,000 Gain on Sale of Equipment 5,500 Retained Earnings (1/1/21) 56,200 Inventory 19,500 Marketable Securities 300 Income Tax Expense 9,750 Loss on Sale of Building 12,450 Incorrect Question 3 Determine income from operations for 2021: $30,350 $40,100 $23,400 $33,150 $24,250 0/1 pts
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