a) For 2017 Gordon Corporation reported net income of $36,000; net sales $400,000; and average share outstanding 8,000. There were no preferred dividends. What was the 2017 earnings per share?

b)

Elston Company compiled the following financial information as of December 31, 2017:

Service revenue	$870,000
Common stock	180,000
Equipment	240,000
Operating expenses	770,000
Cash	240,000
Dividends	60,000
Supplies	30,000
Accounts payable	140,000
Accounts receivable	300,000
Retained earnings, 1/1/17	450,000

Elstons total assets on December 31, 2017 are:

c)

Anderson Services Corporation had the following accounts and balances:

Accounts payable	$30,000	Equipment	$35,000
Accounts receivable	5,000	Land	35,000
Buildings	?	Unearned service revenue	10,000
Cash	15,000	Total stockholders' equity	?

If the balance of the Buildings account was $75,000, what would be the total of stockholders' equity?

$65,000

$90,000

$115,000

$125,000