Owl Co.'s first year of operations is 2018. Use the following information regarding ovl Cots activity in 2018 to answer questione 30. cash Comnou sto isok 1/1 Issued 30,000 a s on stock for $5 each. 2/1 Paid $6,000 castoramarance policy covering the next 12 - months. Prepaid C O D 3/1 Paid $77,000 as o p ent with a 15-year useful to and 7 $5,000 residual value. Owl uses the straight line deprecation method and depreciates long-lived assets from the date of acquisition. Euipment On Golf 4/1 Purchased $34.000 in inventory on account.Inu 3 34 5/1 Sells inventory costing $18,000 for $51,000 for cash. 6/1 Paid for inventory purchased on account on 4/1. 7/1 Received $7,000 in advance payment from a client for services that will be performed by Owl Co. in the future. 9/1 Purchase $2,000 worth of office supplies on credit. By 12/31, $60 of supplies are left. 10/1 Performed services for a client and billed $25,000. 11/1 Performed $5,000 of the services the client paid in advance on 7/ 12/1 Declared and paid $18,000 in dividends. 12/31 Accrued salaries payable of $6,200. 21. What is the cash amount reported on the December 31, 2018 Balance Sheet? A. $ 73,000 B. $91,000 C. $66,000 D. $98,000 22. What are total liabilities on the 2018 Balance Sheet2 A. $4,000 B. $8,200 c. $10,200 D. $15,200 23. What is the insurance expense on the 2018 Income statement A. $0 B. $6,000 C. $5,000 D. $5,500