At the end of the accounting period, Houston Company had $5200 of common stock, paid-in capital in excess of par value-common of $6100, retained earnings of $6000, and $2500 of treasury stock. What is the total amount of stockholders' equity? O $14,600 O $19,800 O $8800 O $14,800 None of the above. On September 1, Year 1, West Company borrowed $34,000 from Valley Bank. West agreed to pay Interest annually at the rate of 9% per year. The note issued by West carried an 18-month term. West Company has a calendar year-end. What is the amount of Interest expense that will be reported on West's Income statement for Year 17 O $765 $306 $1,020 O $0 None of the above. A company had total assets of $400,000 and a debt-to-assets ratio was 0.35. Which of the following statements is not true? O If other companies in the same industry are used as benchmarks and report a lower debt-to-assets ratio, this indicates that this company has a more risky financing strategy. If the ratio this year is lower than it was last year for this company, it indicates that the company is relying less on debt financing this year. O Total liabilities are $140,000. O The debt-to-assets ratio of 0.35 indicates that the company relies less on equity financing than on debt financing. Montana Company was authorized to Issue 115,000 shares of common stock. The company had Issued 48,000 shares of stock when it purchased 7,500 shares of treasury stock. After the purchase of treasury stock, the number of outstanding shares of common stock was which of the following? O 40,500 O 48,000 107,500 O 55,500 O None of the above