Exam 1 Chapters I and 2 Acct 110 15. Elston Company compiled the following financial information as of December 31, 2017: Service revenue Common stock Equipment Operating expenses Cash Dividends Supplies Accounts payable $840,000 180,000 240,000 750,000 210,000 60,000 30,000 120,000 300,000 450,000 Accounts receivable Retained earnings, 1/1/17 Elston's assets on December 31, 2017 are A) $1,620,000. B) $1,230,000. C) $750,000. D) $780,000. 16. Claims of owners are called A) dividends