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-k?bookid3113333&platform=10308&scenario=1&invoketype%3et1&pagenumber=1&bookserver 43 Paid cash expenses: employees' salaries, $1,300; office rent, $1,600; utilities, $450. 17 23 Paid cash dividends of $500. 26 Earned service revenue for the month, $8,500, receiving cash. Prepare the statement of cash flows of Morning Bean Food Equipment Company for the month ended January 31, 2018. E1-39 Calculating Return on Assets Alice Appliance Service had net income for the year of $58,500. In addition, the balance sheet reports the following balances: Jan 1, 2018 Dec 31, 2018 Notes Payable $ 32,000 $ 58,000 Cash 34,000 134,200 Office Furniture 23,000 44,000 Building 160,000 160,000 Accounts Payable 11,500 11,000 Total Stockholders' Equity 204,500 333,000 Accounts Receivable 2,200 19,800 Equipment 24,000 42,000 Office Supplies 4,800 2,000 Calculate the return on assets for Alice Appliance Service for the year ending December 31, 2018. > Problems Group A P1-40A Using the accounting equation for transaction analysis Meg McKinney opened a public relations firm called Solid Gold on August 1, 2018. The following amounts summarize her business on August 31, 2018: Learn Cash $ ASSETS LIABILITIES+ EQUITY Contributed Capital Retained Ea - Dividends + Service Cash + Acounts + Office + Land Accounts + Common