hi there can you please explain and answer questions 14-18

14. Following is the shareholders' equity section of the balan Company: ection of the balance sheet of the B. Spaniel $400,000 Share capital Preferred shares, 420,000 shares authorized, 4,000 shares of $1.50 preferred issued Common shares, 100,000 shares authorized, 30,000 shares issued Total share capital Retained earnings Total shareholders' equity 150.000 $550,000 267.000 $817.000 The preferred shares are currently selling for $10225 per share and the common shares are currently selling for $11.50 per share. The total share capital after the distribution of a $66,000 cash dividend is: a. $400,000 b. $150,000 c. $817,000 d. $550,000 15. A fully depreciated asset is an asset: sunt has reached zero, and therefore has no market value le cost has reached its residual value, and therefore is of no further a. whose carrying amount has reached zero, and therefore he b. whose depreciable cost has reached its residual values use to the company c. that has reached the end of its estimated useful life d. that has reached the end of its actual useful life 10. The following information is available for Louisville Limestone Corpora year: Net income Preferred dividends Interest expense Beginning of year Total assets Louisville Limestone Corporation for the current $160,000 30,000 18,000 300,000 900.000 Total liabilities Total common shareholders' equity 375.000 End of year Total assets Total liabilities Total common shareholders' equity 400,000 The return on assets for Louisville Limestone Corporation is: 950,000 350.000 a. 19.2% b. 19.8% c. 17.3% d. 18.7% Questions 17, 18 and 19 are based on the following information. Dash, Inc.'s December 31 year-end's financial statements for the years 2018 and 2019 contained errors as follows: 2019 2018 Ending inventory $1,000 overstated $3,000 overstated Depreciation expense $800 understated $2,000 overstated 17. Assume that the proper correcting entries were made at December 31, 2018. By how much will 2019 income before taxes be overstated or understated? a. $200 understated b. $200 overstated c. $800 overstated d. $1,800 overstated 18. Assume that no correcting entries were made at December 31, 2018. Ignoring income taxes, by how much will retained earnings at December 31, 2019 be overstated or understated? a. $200 understated b. $1,800 overstated c. $1,800 understated d. $3,200 understated