On December 30, a firm's balance sheet showed assets of $282,000, liabilities of $168,000, and stockholders' equity of $114,000. On December 31, the firm (1) paid off accounts payable of $21,000, and (2) paid December rent of $16,000 due on their building. If a new balance sheet is prepared after these transactions, assets, liabilities, and stockholders' equity, respectively, would be O $245,000; $147.000; $98,000 $261,000: $147.000; $114,000 O $245,000; $168,000, $77,000 $245,000; $131,000: $114,000 Given the following account balances, calculate the current ratio. Cash Accounts Receivable Accounts Payable Unearned Revenue Equipment Retained Earnings Common Stock Rent Expense Prepaid Insurance Expense $23,000 $39,000 $30,000 $16,000 $76,000 $59,000 $71,000 $43,000 $10,000 O 1.57 0.48 O 2.40 O 3.22 O 2.07 0.64 Given the following information, calculate the amount of owners' equity: Cash Accounts Receivable Accounts Payable Notes Payable Land Building Equipment Wages Payable $5,000 $35,000 $10,000 $53,000 $29,000 $160,000 $14,000 $5,000 O $175,000 O $243,000 O $68,000 O $311,000 Which of the following financial statements is prepared for a specific period of time, as opposed to at a certain point in time? Balance Sheet Income Statement O Statement of Cash Flows Statement of Stockholders' Equity OTwo of the above O Three of the above O All of the above