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Jones Company's stockholder's equity is $321 at the year-end 12/31/Year 1 Data for Year 2 is as follows: Net Income Total assets at 12/31/Year 2

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Jones Company's stockholder's equity is $321 at the year-end 12/31/Year 1 Data for Year 2 is as follows: Net Income Total assets at 12/31/Year 2 $223 $966 No stock was issued or repurchased and no dividends were declared in Year 2 Total liabilities at December 31, Year 2 are: Multiple Choice $645 5544 O $422 $223 O $743

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