From the following selected data from Altadena Hobby Shop's Classified Balance Sheet, determine both the current and total assets. a. Current Assets are $9, 500, and Total Assets are $11, 946. b. Current Assets are $10, 756, and Total Assets are $11, 206. c. Current Assets are $10, 356, and Total Assets are $11, 576. d. Current Assets are $10, 720, and Total Assets are $11, 206. Listed below is selected information from the classified balance sheet for Artz Company. What is the working capital for Artz Company? a. $10, 091 b. $6, 891 c. $33, 545 d. $1, 377 Which of the following equations is true? a. Sales Returns and Allowances + Sales Discounts = Net Sales b. Purchases + Purchase Returns and Allowances = Net Purchases c. Net Sales + Cost of Goods sold = Gross Profit d. Net Sales + Sales Discounts = Sales Returns and Allowances = Sales Cost of goods sold is equal to a. ending merchandise inventory plus beginning merchandise inventory minus net purchases. b. beginning merchandise inventory minus net purchases plus ending merchandise inventory. c. beginning merchandise inventory plus net purchases minus ending merchandise inventory. d. ending merchandise inventory plus net purchases minus beginning merchandise inventory