During 2019, Zensa Corporation incurred operating expenses amounting to $110,000, of which $60,000 was paid in cash; the balance will be paid during 2020. Which of the following is correct for the 2019 year-end balance sheet? Multiple Choice Stockholders' equity decreases $60,000 and assets decrease $60,000 Assets decrease $10,000 and stockholders' equity decreases $110,000. Stockholders' equity decreases $110,000, assets decrease $60,000, and liabilities increase $50,000 Assets decrease $110,000, liabilities increase $50,000, and stockholders' equity decreases $110,000 Dolby Corporation has provided the following information: . Operating revenues from customers were $206,700. Operating expenses for the store were $118,000. Interest expense was $8,600. Gain from sale of plant and equipment was $3,600. Dividend payments to Dolby's stockholders were $7,600. Income tax expense was $36,000. Prepaid rent was $4,100. How much was Dolby's net income? Multiple Choice $47,700 $48,700 $40,100 $52,700