Inventory records for Paine Inc. revealed the following: Date Transaction Apr. 1 Beginning inventory Apr.20 Purchase Number of Units 400 420 Unit Cost $2.49 2.65 Paine sold 590 units of inventory during the month. Ending inventory assuming FIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) How much will $28,000 grow to in five years, assuming an interest rate of 11% compounded annually? (FV of $1, PV of $1, FVA of $1, and PVA of $1). (Use appropriate factor(s) from the tables provided.) Multiple Choice $43,400 $75,182 $47,182 $44,617 Hutchinson Inc. began its business in 2020. The company had the following transactions during 2020: Issued 200 shares of common stock with a par value of $1 per share for an issuance price of $10 per share. Repurchased 10 shares of the common stock for $15 per share. Borrowed $30,000 from the bank. Recorded interest expense of $1,500 on the loan, but only paid $750 during the year. The remaining interest will be paid in 2021. Purchased inventory on account costing $1,010. Sold inventory that cost $2,000 for a sales price of $4,600 on account. Purchased equipment costing $10,000 with a note payable. Recorded $800 depreciation. Assuming the company uses the accrual method of accounting, what was the amount of total assets at 12/31/2020? Multiple Choice $43,910 $42,900 o $44,660 $44,060