Question 24 (Mandatory) (2 points) Melvin Company began operations on January 1, 2016, with an investment of $124,000 by each of its two stockholders, or a total of $248,000. Net income for its first year of business was $436,000. During the year, the company paid dividends of $60,000 each to its two stockholders. How much is the company's ending Stockholders' Equity on December 31, 2016? O A) $432,000 OB) $496,000 OC) $556,000 OD) $564,000 Question 25 (Mandatory) (2 points) On August 1, Camire Brothers bought goods with a list price of $9,600, terms 2/10, n/30. The firm records purchases at invoice price, using the periodic inventory system. On August 5, Camire Brothers returned goods with a list price of $1,200 for credit. If Camire Brothers paid the supplier the amount due on August 9, the appropriate entry would be: OA) Accounts Payable 9,600 Purchases Discounts 192 Cash 9,408 OB) 8,400 Accounts Payable Purchases Discounts Cash 168 8.232 Oc) Accounts Payable 8,232 Cash 8.232 OD) Accounts Payable Cash 8,400 8.400