Question 24 (7 points) Miley Corporation had the following balance sheet data: Cash $80 Accounts Payable $30 Accounts Receivable $10 Salary Payable $25 Equipment $90 Common Stock $18 Land $100 Retained Earnings ? After preparation of the above Balance Sheet, $5 of Accounts Payable was paid in Cash. After the payment, what will Miley report as Retained Earnings? $225 $50 $207 $275 Question 25 (9 points) Dino Corporation had the following balance sheet data: Cash $100 Accounts Payable $300 Accounts Receivable ? Salary Payable $100 Equipment $250 Common Stock $349 Land $100 Retained Earnings $75 After preparation of the above Balance Sheet, $88 of Accounts Receivable was received in Cash. After the receipt, what will Dino report as Accounts Receivable? $762 $824 $286 $374