Q 23-26 Please help me with these multiple choice !!

Use the following information for questions 19 to 31 The comparative summary statement of financial position for Gnat Ltd, as at December 31 follows 2021 2020 Cash and cash equivalents $ 26,000 $ 90,000 Trade receivables 53,000 62.000 Inventories held for resale 41,000 29,000 Buildings and equipment, net 287,000 240.000 Total $407.000 $421.000 Trade payables Bank loan Interest payable Income taxes payable Contributed capital (common shares) Retained earnings Total $ 16,000 0 4,000 5,000 122.000 260,000 $407.000 $ 27,000 88.000 2.500 7,000 100,000 196,500 $421.000 Income statement information for Gnat Ltd. for 2021 is shown below Sales Cost of sales Operating expenses Operating income Interest expense Gain on sale of equipment Pre-tax earnings Income tax expense Net earnings $ 850.000 580,000 135.000 135,000 5,000 22.000 152.000 64.000 S 88.000 Additional information 1. A building was acquired for cash during 2021 Also during 2021 equipment with a cost of $73,000 and accumulated depreciation of $15,000 was disposed of in exchange for cash 2. A $10,000 common stock dividend was declared and issued in 2021 3. Sales are 80% on credit and 20% for cash 4 Trade payables relate only to transactions with suppliers of merchandise inventory 5. The bank loan matures in 2021 and was repaid in full 6. The income tax rate is 42.1% 7. Operating expenses include depreciation amounting to $65,000 Unnure of 40 Interest paid in 2021 was Select one O a. 55.000 Ob 53.500 C. 58.500 Od $1.500 Un 24.40 Income taxes paid in 2021 was Select one O a $64.000 O b. $65.000 O c 562000 Od 568.000 Une 25.40 The change in current assets in 2021 was Select one O a Decrease of $81.000 Ob Increase of 52.000 O Decrease of $2.000 d. Increase of $13.000 Une 26. The quick ratio for 2021 is dosest to Select one O. 32 b. 32 Oc26 Od48 Unse