Accounts Payable Accounts Receivable Accumulated Depreciation (Equip) Cash $17,200 Interest Revenue 39,200 Interest Payable 42,300 Inventory $4,100 4,800 6,100 160,000 27,300 Common stock (20,000 shares) Cost of Goods Sold Depreciation Expense (Equip) Dividends Equipment Income Taxes Expense Income Taxes Payable Interest Expense 42,700 Notes Payable (due May 2, 2026) 100,000 Prepaid Rent (3 months) 210,000 Rent Expense 12,450 Retained Earnings (1/1/2019) 6,300 Sales Revenue 270,800 Supplies 2,700 Supplies Expense 1,100 Wages Expense 21,300 Wages Payable 103,500 48,200 431,100 5,950 36,900 36,100 12,500 Lucia and Sharon are roommates. They spend most of their time studying (of course), but they leave some time for their favorite activities: making pizza and brewing root beer. Lucla takes 5 hours to brew a gallon of root beer and 3 hours to make a pizza. Sharon takes 8 hours to brew a gallon of root beer and 4 hours to make a pizza. Luca's opportunity cost of brewing a gallon of root beer is and Sharon's opportunity cost of brewing a gallon of root beer is has an absolute advantage in brewing root beer, and has a comparative advantage in brewing root beer. If Lucia and Sharon trade foods with each other, will trade away pizza in exchange for root beer. The price of pizza can be expressed in terms of gallons of root beer. The highest price at which pizza can be traded that would make both roommates better off is of root beer, and the lowest price that makes both roommates better off is of root beer per pizza