Grant Company engaged in the following transactions during 2010, its first year in operations: (Assume all transactions are cash transactions) 1) Acquired $950 cash from the issue of common stock. 2) Borrowed $420 from a bank. 3) Earned $500 of revenues. 4) Paid expenses of $250. 5) Paid a $50 dividend. During 2011, Grant engaged in the following transactions: (Assume all transactions are cash transactions) 1) Issued an additional $325 of common stock. 2) Repaid $220 of its debt to the bank. 3) Earned revenues of $750. 4) Incurred expenses of $360. 5) Paid dividends of $100.

69. Grant Company's net cash flow from operating activities for 2010 is A. $620. B. $670. C. $250. D. $200.

70. The total in Grant's retained earnings account BEFORE closing in 2010 is A. $0. B. $200. C. $250. D. none of the above

73. The amount of assets on Grant's 2011 balance sheet is A. $1,915. B. $490. C. $1,965. D. $395.