Blackboard Remaining Time: 1 hour, 51 minutes, 21 seconds Question Completion Status QUESTION 34 (Income statement approach) The Allowance for Bad Debts court has a credit balance of 53.000 before the adjusting entry for bad debts expense. The company's management states that 4% of not credit sales will be collectible for the year 2018. Net credit sales for the year amounted to $270.000 What will be the balance of Allowance for Bad Debts on the December 31, 2019 balance sheet? $3.000 $13.000 $10.800 57.100 QUESTION 35 2 por Lakhadnet income for 2018 of 104.000. Lahad X2,000 shares of common ikuistanding at the beginning of the year and shares of common stock standing at the end of the year. There were 5000 shares of producing all your During 2018, art declared and pold preferred dividends of 530,000 on December 31, 2018, the market price of Lark's common stock 390 per share and the market price of its preferred ocks SST per What is a's pricelarnings ratio at December 31, 20187 Roundary intermediate calculations and your hawwer to the nearestent) 55.22 7385 3081 11.54 Co saw and Sundblik Alla Save All Answers Close Window Se MacBook * 2 NO * 3 $ 4 % 5 7 & 7 6 8 9 Q W E R T Y UI 0 A S D F G H J K L N C V B N M Blackboard Remaining Time: 1 hour, 51 minutes, 06 seconds. Question Completion Status: QUESTION 36 Routing Solutions paid $110,000 to acquire Tabletz, Inc., an electronic gadget-advertising website. At the time of the acquisition, the market value of Tabletz's assets was $200,000 and the market value of its fiabilities was $147.500. How much goodwill did Routing Solutions purchase as part of the acquisition of Tabletz? $57,500 $110.000 $62,500 $52.500 QUESTION 37 Converse Florists & Co. reported debt to equity ratio of 1.35 as of Dec 31, 2019. What is its debt ratio as of Dec 31, 20197 (Round your percentage answer to two decimal places) 57.45% 174.07% 42.55% 74.07% QUESTION 38 Click Save and submit to save and subit. Click Save All Answers to save all answers Save Al Answers Close W MacBook 898 FI 13 F4 F 2 3 $ 4 % 5 6 & 7 8 9 Q W E R T Y U I S D F G H J