just write the final answers

Rushing had income of $207 million and average invested assets of $2,000 million. Its return on assets is: Multiple Choice 10.4% 20.7% 10% On May 1, a two-year insurance policy was purchased for $24,000 with coverage to begin immediately. What is the amount of insurance expense that would appear on the company's income statement for the first year ended December 31? Multiple Choice $9,000. $1,000. $7,000 The Retained earnings account has a credit balance of $50,000 before closing entries are made. Total revenues for the period are $68,200, total expenses are $46,300, and dividends are $14,200. What is the correct closing entry for the revenue accounts? Multiple Choice Debit Revenue accounts $68,200; credit Retained earnings $50,000 Debit Income Summary $50,000, credit Retained earnings $50,000 O Debit Income Summary $68,200; credit Revenue accounts $68,200. Benjamin Stone opened Stone's Repairs on March 1 of the current year. During March, the following transactions occu were recorded in the company's books: 1. Benjamin, the sole stockholder, invested $25,000 cash in the business in exchange for common stock. 2. Benjamin contributed $100,000 of equipment to the business in exchange for common stock 3. The company paid $2,000 cash to rent office space for the month of March. 4. The company received $16,000 cash for repair services provided during March. 5. The company paid $6,200 for salaries for the month of March. 6. The company provided $3,000 of services to customers on account 7. The company paid cash of $500 for utilities for the month of March. 8. The company received $3,100 cash in advance from a customer for repair services to be provided in April. 9. The company paid Benjamin $5,000 cash as a dividend. Based on this information, total stockholder's equity reported on the balance sheet at the end of March would be