At December 31, Year 1, the accounting records of Braun Corporation contain the following items: Accounts Payable Land Capital Stock Building Retained Earnings $ 20,000 $ 248,000 ? $ 188,000 $ 168,000 Accounts Receivable Cash Equipment Notes Payable $ 48,000 ? $ 128,000 $ 198,000 If Cash at December 31, Year 1, is $94,000, Capital Stock is: Multiple Choice $272,000. $176,000. $320,000. a $656,000. O At December 31, Year 1, the accounting records of Braun Corporation contain the following items: Accounts Payable Land Capital Stock Building Retained Earnings $ 18,000 $ 244,000 ? $ 184,000 $ 164,000 Accounts Receivable Cash Equipment Notes Payable $ 44,000 ? $ 124,000 $ 194,000 If Cash at December 31, Year 1, is $30,000, total owners' equity is: Multiple Choice $376,000. O $414,000. O $164,000. $626,000. Astoria Company had the following transactions during the month of August Year 1: (1) Cash received from bank loans was $20,000. (2) Dividends of $9,500 were paid to stockholders in cash. (3) Revenues earned and received in cash amounted to $33,500 (4) Expenses incurred and paid were $26,000. What amount of net income will be reported on an income statement for the month of August? Multiple Choice O $20,000. $0. O O $33,500. $7,500. O At December 31, Year 1, the accounting records of Braun Corporation contain the following items: Accounts Payable Land Capital Stock Building Retained Earnings $ 14,500 $ 237,000 ? $ 177,000 $ 157,000 Accounts Receivable Cash Equipment Notes Payable $ 37,000 ? $ 117,000 $ 187,000 If Capital Stock is $317,000, total assets of Braun Corporation at December 31, Year 1, amounts to: Multiple Choice $675,500. $912,500. O O $101,500. $712,500