QUESTION 20 M. Fields Company reported the following year-end amounts: Total Sales Sales Discounts Sales Returns Cost of Goods Sold Gross Profit $33,600 600 21,000 4,350 What is the company's Sales Returns for the year? A. $2,160 B. $10,860 C. $ 2,970 D. $ 7,650 QUESTION 21 Henry Company reported total stockholders' equity of $435,000 on its Dec 31, 2015, balance sheet. The following information is available for the year ended Dec 31, 2016 Expenses Assets on Dec. 31, 2016 $630,000 495,000 1,216,000 What are the total liabilities of the company on December 31, 2016? A. 646,000 OB, $ 276,000 OC.$ 630,000 D. $1,216,000 QUESTION 22 Maercker Company reported the following year-end amounts: Net Sales Beginning Inventory Net Cost of Purchases Ending Inventory Cost of Goods Sold Gross Profit $105,000 15,300 67,500 42,900 What is Maercker Company's Ending Inventory and Cost of Goods Sold for the year? OA. Ending Inventory $17,800; Cost of Goods Sold $40,400 OB, Ending inventory $ 9,900; Cost of Goods Sold-$62,100 C. Ending Inventory- $20,700; Cost of Goods Sold- $62,100 D. Ending inventory $17,500; Cost of Goods Sold-$40,400