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7:02 q a mail-attachment.googleusercontent.com x Question 1 (6 points) '/ Saved Bravo's complete assets and liabilities are Accounts Receivable $800, Equipment $10,000, Accounts Payable $4,200, Prepaid Rent $2,000, Supplies $400, Bank Loan $1,600, and Tools $300. Bravo's total assets are: (All account balances are normal.) $13,500 $13,100 $11,500 None of these. $11,100 Question 2 (6 points) Bravo Company began operations at the beginning of 20X6 with a $10,000 cash investment by stockholders. During 20X6, Bravo Company had revenue on account of $5,000; of this amount $2,000 was collected during 20X6 and $3,000 was an outstanding receivable at year-end. Bravo Company incurred $3,000 of operating expenses during 20X6; of this amount $1,000 was unpaid at year-end. During 20X6, $1,000 cash was https://learn.umuc.edu/d21/le/content/348116/viewContent/140629SS/View 1/14/19. 6:54 AM Page 1 of 9 disbursed as dividends. The only other transaction during was the purchase of $5,000 of equipment for cash near the end of the year. How much was Bravo Company's 20X6 net income? Question 3 (6 points) Beginning stockholders' equity was $120,000. Ending stockholders' equity was $195,000. Additional issuances of capital stock during the year amounted to $18,000. Dividends during the year amounted to $12,000. How much was net income for the year? Question 4 (6 points)