Please select the correct answer for each of the following questions. A brief explanation of reasoning is fine. Thank you.

Question 1 (1 point) At December 31, 2009, Rob's Home Store has $100,000 of assets and $40,000 of liabilities, and $60,000 of stockholders' equity. On January 15, 2010, Rob's purchased $30,000 of assets by incurring a liability. Rob's total assets, liabilities, and stockholders' equity after the purchase are, respectively, $100,000; $40,000; $60,000. $100,000; $60,000; $40,000. $130,000; $40,000; $70,000. $130,000; $60,000; $70,000. $130,000; $70,000; $60,000. Save Question 2 (1 point) On Jan. 2, 2010, Wright Construction Co. purchased equipment for $50,000. Wright expects to use the equipment for three years, at which time it will have an estimated salvage value of $27,500. What is the depreciation expense for 2010? (Assume S/L depreciation) $7,500 $9,167 $16,667 $27,500 $50,000