Corel Sales sold its old office furniture for $4,000. Its original cost was $10,000 and at the time of sale, it had accumulated depreciation of $7,000. How much is the book value of the furniture at the time of sale? Select one: O a. $3,000 o b. $4,000 c. $6,000 d. $10,000 At year-end, Baker Production Company recorded the following accounts: Accounts Payable $25,000, Notes Payable $30,000, Common Stock $40,000, and Retained Earnings $12,000. How much is Baker's total assets for the same year? Select one: o a. $50,000 ob. $52,000. c. $55,000. od. $107,000. Mehta Enterprises is in the year-end closing process. Which of the following accounts would Mehta NOT close? Select one: O a. Income Summary. O b. Salaries Expense. c. Retained Earnings. d. Sales Revenue