Madrid Company has provided the following data (ignore income taxes): 2019 revenues were $97,500. 2019 net income was $36,200. Dividends declared and paid during 2019 totaled $8,000. Total assets at December 31,2019 were $240,000. Total stockholders' equity at December 31,2019 was $164,000. Retained earnings at December 31,2019 were $97,000. Which of the following is not correct? Multiple Choice Common stock at December 31,2019 was $67,000. 2019 expenses were $61,300. Total liabilities at December 31,2019 were $76,000. Retained earnings increased $36,200 during 2019. A company's January 1, 2019 balance sheet reported total assets of $118,000 and total liablities of $41,000. During January 2019 , the following transactions occurred: (A) the company issued stock and collected cash totaling $28,000; (B) the company pald an account payable of $5,800; (C) the company purchased supplies for $2,200 with cash; (D) the company purchased land for $48,000, paying $11,000 with cash and signing a note payable for the balance. What is total stockholders' equity after the transactions above? Multiple Choice 5105,000 $28.000. $192,200 $77,000. Sparty Corporation has provided the following information for its most recent year of operation: Revenues earned were $70,000, of which $5,000 were uncollected at the end of the year. Operating expenses incurred were $30,000, of which $5,000 were unpaid at the end of the year. Dividends declared were $12,000, of which $2,000 were unpaid at the end of the year. Income tax expense is $13,600. What is the amount of net income reported on Sparty's income statement? Multiple Choice $19.800 $18,480 $26.500 $26,400 When a company buys equipment for $152,000 and pays for one half in cash and the other one half is financed by a note payable, which of the following are the effects on the accounting equation? Mutiole Choice Total liabilites increase $152.000 Totallabitios decrease $76.000 Total assets increase 5152,000 Tofal assets increase $76.000