Blossom Company has a tax rate of 30 percent and income before non-operating items of $1784000. It also has the following items (gross amounts).

Unusual gain	$ 110000
Loss from discontinued operations	914000
Dividend revenue	29000
Income increasing prior
period adjustment	360000

What is the amount of income tax expense Blossom would report on its income statement?

$576900

$410700

$302700

$542400

For the year ended December 31, 2020, Cullumber Company reported the following:

Net income	$297000
Preferred dividends declared	50600
Common dividend declared	10900
Unrealized holding loss, net of tax	5000
Retained earnings, beginning balance	415600
Common stock	200800
Accumulated Other Comprehensive Income,
Beginning Balance	25800

What would Cullumber report as total stockholders' equity?

$616400

$851900

$651100

$872700

Sheridan Company reports operating expenses in two categories: (1) selling and (2) general and administrative. The adjusted trial balance at December 31, 2020, included the following expense accounts:

Accounting and legal fees	$419000
Advertising	356000
Freight-out	226000
Interest	182500
Loss on sale of long-term investments	89900
Officers' salaries	539500
Rent for office space	540600
Sales salaries and commissions	404200

One-half of the rented premises is occupied by the sales department. How much of the expenses listed above should be included in Sheridan's selling expenses for 2020?

$1256500.

$1030500.

$986200.

$760200.

Ivanhoe Company reports:

Cash provided by operating activities		$	319000
Cash used by investing activities			117000
Cash provided by financing activities			145000
Beginning cash balance			87000

What is Ivanhoes ending cash balance?

$581000.

$406000.

$434000.

$668000.