A piece of equipment was acquired on January 1, 2015, at a cost of $36,000, with an estimated residual value of $5,000 and an estimated useful life of six years. The company uses the double-declining-balance method. What is its book value at December 31, 2016? $12,000 O $25,667 O $10,333 o $16,000 A company that purchases inventory for $16,000 with terms 2/10, n/30. It then returns $2,600 of the inventory purchased to the supplier and also receives an allowance for defective inventory of $160. The company pays the amount due within the discount period. What is the amount of the discount that will be taken? (Round your answer to the nearest dollar amount.) O $268 O $265 O $317 O $260 Accounts Payable had a balance of $18,380 at the beginning of the month. During the month, three debits in the amounts of $4,520, $11,120, and $14,620 were posted to Accounts Payable, and three credits in the amounts of $3,780, $9,680, and $12,880 were posted to Accounts Payable. What is the ending balance of the Accounts Payable account? O $14,460 O $48,640 O $22,300 o $3,920 A company issues 100 000 shares o preferred stock or $40 per share. The stock has a fixed d a debit to Cash for der rate o 5% and par alue of 3 per share. The company record the uance with $4 million and a credit to Preferred Stock for $4 million. $300,000, a debit for $3.7 million to Long-term Investments, a credit to Preferred Stock for $300,000, and a credit to Additional Paid-in Capital for $3.7 million. $4 million, a credit to Preferred Stock for $300,000, and a credit to Additional Paid-in Capital for $3.7 million. $300,000 and a credit to Preferred Stock for $300,000