I need help with question 12, I know the answer is d: 69.2%, but I need process. Thank you!!!!!

83 10 How much was Martin's rent expense during 2015? 84 a $14,450 b $14,000 c $13,650 d $14,350 e None of the above 87 11 How much was Martin's utilities expense during 2013? 88 a $14,500 b $14,800 c $13,900 d $14,900 e None of the above 91 12 92 Neiman Company started 2015 with $82,000 in total assets and $20,000 in retained earnings. Neiman originally went into business is 2009 when it issued stock for a total of $6,000. No more stock has been issued since that time. What is Neiman's return on equity if the company ended 2015 with $90,000 in total assets and $38,000 in total liabilities, and $1,000 in dividends were paid during the year? 2 a 81.8% b 51.9% c 50.0% d 69.2% e 66.7% 98 13 Nords, Inc. bought equipment for $64,000 on July 1, 2014. Nords expected that the asset would last for eight 9 years and then be worthless. Which of the following would be correct on the company's annual financial statements 00 as of December 31, 2015? 01 a Depreciation expense will be $12,000. 02 b Accumulated depreciation will be $52,000. 03 c The net carrying value of the asset will be $48,000. 04 d Both the depreciation expense and the accumulated depreciation will be $8,000. 05 e None of the above are correct. 07 08 14 At January 1, 2015 Bergdorf, Inc. had $14,000 in current assets and $12,000 in current liabilities. At December 31 4Sheet1+