On December 31, Mercury Corporation has the following data available: Net Income $180,000 Interest expense 10,000 Total assets at the beginning of the year 810,000 Total assets at the end of the year 740,000 Total common stockholders' equity at the beginning of the year 520,000 Total common stockholders' equity at the end of the year 510,000 What is return on equity? (Round your final answer to two decimal places, X.XX%) O A. 33.01% O B. 21.94% OC. 34.95% OD. 36.89% A company issues 1,000,000 shares of $0.90 par value for the sale? cumulative preferred stock for $15.000.000. The stated divided is st per share. Which journal entry is need O A. debit Cash $15,000,000 and credit Preferred Stock $15,000,000 O B. debit Cash $15,000,000, credit Preferred Stock $700,000 and credit Paid - in Capital in Excess of Par-Preferred $14.300.000 O C. debit Cash $15,000,000 and credit Retained Earnings $15,000,000 OD. debit Cash $15,000,000 and credit Paid - in Capital in Excess of Pas-Preferred $15,000,000 Increases and decreases in the long-term liability accounts are reported on the statement of cash flows as: O A. investing activities OB. noncash activities. OC. financing activities. OD. operating activities