A company provides the following information for the year 2018: Description Amount Description Amount $9,950 Mortgage payable S32,510Unearned revenue Cash $17,500 (due 2021) Accounts payable $950 Temporary investments S16,750(to be sold within 3 months) Inventory $6,150 $97,500 S15,940 $9,500 S47,500 S217,500Accumulated depreciation Equipment Common shares Prepaid rent Accounts receivables $50,000Retained earnings $1,350Salaries payable $23,750 Long-term notes payable Compute the current liabilities for the company. a. $58,900 b. $42,960 c. $57,000 d. $57,950 A company reported the following data for the year ending 2018: Description Amount Sales Sales discount Sales returns and allowances $13,0 Cos $400,000 $16,000 t of goods sold Operating expense Income tax expense S117,000 $153,000 S23.750 Compute the amount of net sales to be reported on the income statement. a. $384,000 b. $371,000 c. $397,000 d. $387,000 A company reported the following data for the year ending 2018 Description Amount Sales Sales discount Sales returns and allowances Cost of goods sold Operating expense Income tax expense S400,000 S16,000 $13,000 $117,000 S153,000 S23,750 Compute the amount of gross profit to be reported on the income statement. a. $101,000 b. $117,000 c. $254,000 d. $124,750 A company reported the following data for the vear ending 2018 Description Amount Sales Sales discount Sales returns and allowances Cost of goods sold Operating expense Income tax expense $400,000 $16,000 $13,000 $117,000 $153,000 S23,750 There are 25,000 shares outstanding throughout the year. What is the earnings per share? $4.04 per share b. S3.01 per share c. $2.08 per share d. $3.09 per share