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(a) The liabilities of Ivanhoe Company are $95,700 and the stockholders' equity is $272,000. What is the amount of Ivanhoe's total assets? Total assets $

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(a) The liabilities of Ivanhoe Company are $95,700 and the stockholders' equity is $272,000. What is the amount of Ivanhoe's total assets? Total assets $ Prepare the income statement, statement of retained earnings and classified balance sheet for the calendar year ended December 31, 2021. Retained earnings at January 1, 2021, totaled $25,000. Green Corp. paid $2,000 of dividends during the year. There were 2,000 shares of common stock outstanding all year. Balances for the accounts of Green Corp. at December 31, 2021: Accounts Payable $8,000 Miscellaneous Expense $4,000 Accounts Receivable 15,000 Notes Payable (due 5/2023) 31,000 Accumulated Depreciation - Equipment 10,000 Prepaid Rent 5,000 Cash 4,000 Rent Expense 6,000 Common stock ($10 par) 20,000 Salaries Payable 9,000 Depreciation Expense 2,000 Supplies 18,000 Equipment 50,000 Supplies Expense 35,000 Fee Revenue 52,000 Unearned Fee Revenue 11,000 Land 25.000

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