Please use the following Balance Sheet to answer the questions below

Assets
	Cash	$150,000.00
	Marketable Securities	$200,000.00
	Accounts Receivable	$150,000.00
	Inventories	$50,000.00
	Prepaid Taxes and Insurance	$30,000.00
	Manufacturing Plant at cost	$600,000.00
	Less Accumulated Depreciation	$100,000.00
	Net fixed Assets	$500,000.00
	Goodwill	$20,000.00
Liabilities and Shareholders Equity
	Notes Payable	$50,000.00
	Accounts Payable	$100,000.00
	Income Taxes Payable	$80,000.00
	Long Term Mortgage Bonds	$400,000.00
	Preferred Stock, 6%, $100 par value (1,000 shares)	$100,000.00
	Common Stock, $15 par value (10,000 shares)	$150,000.00
	Capital Surplus	$150,000.00
	Retained Earnings	$70,000.00

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Question 1

a)The firm experienced a Net Income of $500,000.00 for the year. What are its earnings per share of common stock?

Group of answer choices

45.45

100.00

50.00

75.00

b)What are the company's total Assets (include the effects of depreciation)?

Group of answer choices

1,100,000.00

1,200,000.00

1,300,000.00

1,400,000.00

c) Is the value of the Manufacturing Plant considered a long term or a short term asset?

Group of answer choices

-Long term because the value is realized and depreciated over several years.

-Short term because the value of the plant was booked within a 12-month window when it was placed into service.

-Neither because the value of the plant is not considered an asset until it is placed into service.

-Short term because it is accounted for within the current calendar year.