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MAC, Inc. 2018 Statement of comprehensive income $3,685 $3,180 $104 $401 $25 $376 $128 $248 $60 $188 MAC, Inc. Statement of financial positions as of

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MAC, Inc. 2018 Statement of comprehensive income $3,685 $3,180 $104 $401 $25 $376 $128 $248 $60 $188 MAC, Inc. Statement of financial positions as of December 31, 2017 and 2018 2017 2018 2017 $520 $601 Accounts payable $621 $235 $219 Notes payable $333 $964 $799 Current liabilities $954 $1,719 $1,619 Long-term debt $350 $890 $930 Common stock $800 Retained earnings $505 $2,609 $2,549 Total liabilities and Owner's $2,609 equity Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net income Dividends paid Addition to retained earnings Cash Accounts rec. Inventory Current assets Net fixed assets Total assets 2018 $704 $272 $976 $60 $820 $693 $2,549 What is the net new equity for 2018? Multiple Choice $40 $20 -$40 -$20 $60 O O O

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