help please

1. a. 2. On a multiple-step income statement, a loss on the sale of a desk (not inventory) would be shown before gross profit on sales. b. after gross profit on sales but before income from operations. c. after income from operations but before net income. d. after net income but before discontinued operations. Which of the following would not be reported on the current year income statement? a. Loss from a flood b. The effect of a change in depreciation methods c. Loss on disposal of a segment of a business d. Correction of an error in previously issued financial statements The changes in account balances of the Blue Corporation during 2021 are presented below: Increase Assets $193,000 Liabilities 30,000 Common Stock 90,000 Additional Paid-In Capital 9,000 Retained Earnings ??? 3. Assuming there are no changes in retained earnings except for net income and a dividend payment of $19,000, the net income for 2021 should be a. $19,000 b. $45,000 C. $64,000. d. $83,000. 4. Green Company's gross sales in 2021 were $3,930,000. Sales returns and allowances were $74,000, sales discounts were $35,000, and sales commissions were $28,000, what is the amount of Green's net sales in 2021? a. $3,793,000 b. $3,821,000 c. $3,856,000 d. $3,930,000 5. The basis for classifying assets as current or noncurrent is conversion to cash within a. the accounting cycle or one year, whichever is shorter. b. the operating cycle or one year, whichever is shorter. c. the accounting cycle or one year, whichever is longer. d. the operating cycle or one year, whichever is longer. Current assets are presented in the balance sheet in a. ascending order of their balances. b. descending order of their balances. c. order of their liquidity. d. reverse order of their liquidity. 7. The following expenses were recognized by Orange Company, a retailer, during 2021: Interest expense $100,000 Telephone expense 83,000 Loss on sale of store equipment 37,000 Legal fees 64,000 Officers' salaries 105,000 What should Orange report as general and administrative expenses for 2021? a $252,000 b. $289,000 c. $284,000 d. $389,000