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Please refer to Table 3-1 for the following questions. Table 3-1 Jones Company Financial Information December 2009 December 2010 Net Income $2,000 $4,000 Accounts receivable

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Please refer to Table 3-1 for the following questions. Table 3-1 Jones Company Financial Information December 2009 December 2010 Net Income $2,000 $4,000 Accounts receivable 750 950 Accumulated depreciation 1,000 1,500 Common stock 4,500 5000 Paid-in capital 7.500 8500 Retained earnings 1,500 3,500 Accounts payable 750 750 Question 14 Based on the information in Table 3-1, assuming that no assets were disposed of during 2010, the amount of depreciation expense was $500 $375. $2,500. $3.500. Question 15 LOGO DELL

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