As of December 31, 2021. Warner Corporation reported the following: Cash dividends payable Treasury stock Paid-in capital-share repurchase Common stock and other paid-in capital accounts Retained earnings $ 20,000 600,000 20,000 4,000,000 3,000,000 What was shareholders' equity as of December 31, 2021? Multiple Choice $6.440,000 $6.420.000 $6,400.000 $7.020,000 Which of the following investment securities held by Zoogle Inc. are not reported at fair value in its balance sheet? Multiple Choice Debt securities held-to-maturity. All of these answer choices are reported at fair value. Debt securities held as available-for-sale securities Bonds held as trading securities Reliable Enterprises sells distressed merchandise on extended credit terms. Collections on these sales are not reasonably assured, and bad debt losses cannot be reasonably predicted. It is unlikely that repossessed merchandise is in condition to be re-sold. Therefore, Reliable uses the cost recovery method. Merchandise costing $30,000 was sold for $55,000 in 2020 Collections on this sale were $20,000 in 2020, $15.000 in 2021, and $20,000 in 2022. In 2021, Reliable would recognize gross profit of Multiple Choice O $0 $10,000 O $5,000 O $6,000