An accountant is preparing the company's statement of cash flows for the year just ended. The following information is available:

Retained earnings balance at the beginning of the year	$	233,000
Cash dividends declared for the year		50,000
Proceeds from the sale of equipment		85,000
Gain on the sale of equipment		4,500
Cash dividends payable at the beginning of the year		22,000
Cash dividends payable at the end of the year		30,000
Net income for the year		110,000

The ending balance in retained earnings is

A.	$293,000.
	B.	$301,000.
	C.	$213,000.
	D.	$297,500.
	E.	$343,000

Dapper Design Inc.offers a two-year warranty on its product protecting the consumer against manufacturer defects. After studying past warranty claims Dapper estimates future warranty repairs for units sold in 2019 will cost the company an amount equal to 4% of sales revenue. Dapper further estimates that 2/3 of the warranty claims will occur in the first 12-months of warranty coverage with the other 1/3 of claims anticipated during the second 12-months of coverage. Dapper started 2019 with a warranty liability balance of $72,000. During 2019 the company reported $6,000,000 of Sales Revenue (all of which were on account) and made cash disbursements during 2019 for warranty repairs in the amount of $225,000.What value will Dapper report for the Warranty Liability account on the 12/31/2019 balance sheet?

A.	$15,000
	B.	None of the answer choices provided are correct.
	C.	$240,000
	D.	$87,000
	E.	$7,000
	F.	$57,000
	G.	$225,000

1. Drill Company's Office Supplies balance at the end of the year was $200,000 and $ 188,000 at the beginning of the year. Drill makes all purchases of Office Supplies on account from vendor Nation Company. Drill reported an Accounts Payable to Nation equal to $80,000 at the end of the year and $84,000 at the beginning of the year. Drill reported Office Supplies Expense for the year of $720,000. What amount of Cash did Drill pay during the year for Office Supplies?

   	A.	$732,000.
   	B.	$736,000.
   	C.	$712,000.
   	D.	$720,000.
   	E.	$704,000.