Census Company had the following accounts and balances at the end of the war. What are total liabilities at the end of the year? A) $41,000 B) $78,000 C) $12.000 D) $49,000 Seidner Company had the following account balances at the end of the first year of operations: What is the amount of net income or net loss for the year? A) $34,000 B) $25,000 C) $76,000 D) $67,000 Cost of goods sold: A) is the direct cost of the product sold. B) is considered a selling expense. C) is classified as revenue on the income statement. D) is the same as gross profit. 10) If an investor wants to know a company's cash balance at the end of the year, this balance is reported on the: A) balance sheet. B) statement of cash flows. C) income statement. D) A and B. A company sells travel mugs online for $9. They purchase the mugs for $5 and charge the customers $1 for shipping and handling Cost of goods sold per mug is: A) $6. B) $4. C) $5. D)$1