American Motors' balance sheet includes the following accounts at year-end: What is the year-end balance in retained earnings? $117.076$54,576$160,146$29,870 Question 9 2 pts Shimano Fishing Rods is trying to improve its gross profit margin. Shimano purchases fishing rods from its supplier and resells the rods to customers on the internet. Which of the following would most likely increase Shimano's gross profit margin? Sell more fishing rods. Reduce the per unit cost of fishing rods. Refinance outstanding debt at a lower interest rate. Question 10 2 pts Which of the following transactions is the most correct application of the accrual method of accounting? A manufacturer that recognizes depreciation expense over the life of property, plant, and equipment. A landlord that recognizes revenue when rent is collected from the tenant at the beginning of a lease. A retailer that recognizes advertising expense paid in cash in advance of the advertising campaign