If a corporation has assets of $1,000,000, liabilities of $200,000, and retained earnings of $560.000, what is the amount of contributed capital? O $1,000,000 $240,000 O $600,000 $40,000 Question 2 2 pts If a company has $500,000 of sales revenue, pays $10,000 in dividends, and has $350,000 of expenses, how much was net income for the year? 0 $350,000 $150,000 $140.000 $850,000 Accounts Receivable had a normal beginning balance of $1,000. During the period, the company made sales on account of $800 and received cash on account of $400. What was the ending balance? O $1.400 credit O $1,400 debit O $600 debit. O $600 credit