A corporation has provided the following information for its most recent year of operation: Revenues earned were $86,000, of which $4,000 were uncollected at the end of the year. Operating expenses incurred were $47,000, of which $9,000 were unpaid at the end of the year. Dividends declared were $20,000, of which $4,000 were unpaid at the end of the year. Income tax expense is $11,700. What is the amount of net income reported on the corporation's income statement? Multiple Choice $13,300 $30,900 $19,600 $27,300 Advertising expense $9,900 Interest expense $3,700 Rent expense for store $12,000 Loss on sale of property and equipment $5,700 . Cost of goods sold $21,300 Depreciation expense $7,100 Prepaid insurance $1,000 What is the amount included in the Other Items section of the company's income statement? Multiple Choice $19,300. $9,400. $3,700. $13,800. A company has provided the following account balances: Cash $39,500; Short-term investments $5,500; Accounts receivable $55,500; Supplies $7,500; Long-term notes receivable $3,500; Equipment $103,500; Factory Building $195,000; Intangible assets $7,500; Accounts payable $28,500; Accrued liabilities payable $3,250; Short-term notes payable $17,000; Long-term notes payable $99,500; Common stock $195,000; Retained earnings $74,250. What are the company's total current assets? Multiple Choice $52,500 $108,000 Long-term notes payable $99,500; Common stock $195,000; Retained earnings $74,250. What are the company's total current assets? Multiple Choice $52,500 $108,000 $56,000 $45,000 Operating revenues from customers were $207,700. Operating expenses for the store were $119,000. Interest expense was $8,700. Gain from sale of plant and equipment was $3,700. Dividend payments to the company's stockholders were $7,700. Income tax expense was $37,000. Prepaid rent was $4,100. How much was the company's net income? Multiple Choice $46,700 $51,700 $47,700 $39,000