Question 10 2 pts A fiscal year for a business ordinarily begins on the first day of a month and ends on the last day of the following twelfth month O is determined by the federal government always begins on January 1 and ends on December 31 of the same year should end at the height of the business's annual operating cycle Question 11 2 pts Redfox Pest Control Service had revenues of $425,000 and expenses of $338,000 for the current year, ended June 30. At the beginning of the year, the common stock was $110,000 and the retained earnings was $70,000. During the year, shareholders purchased an additional $25,000 in stock. Dividends of $16,750 were paid. What is the balance of stockholders' equity at the end of the year? $292,000 $267,250 $205,250 $275,250