Question 28 (3 points) The following information pertains to Alpha Computing at the end of 2021: Assets Liabilities Net Income Common Stock $ 970.000 $ 560,000 $ 90,000 $ 350,000 Alpha Computing's Retained Earnings account had a zero balance at the beginning of 2021. What amount of dividends did the company declare in 2021? a) $30,000 Ob) $150,000 Oc) $80,000. d) $280,000 Question 29 (3 points) A company purchases its inventory from suppliers on account. During the year, its Inventory account increased by $10 million and its accounts payable to suppliers decreased by $3 million. If cost of goods sold was $440 million, its cash outflows to inventory suppliers totaled: a) $447 million O b) 5453 million Oc) $427 million. d) 5433 million Question 30 (3 points) Purchases of inventory during the year were $175,000. At the end of the year, ending inventory is $230,000 and cost of goods sold is $295,000. What was beginning inventory? a) $230,000 Ob) $350,000 OC) $110,000 d) $175,000. Question 31 (3 points) A truck has a cost of $55,000, an estimated residual value of $5,000, and an estimated useful life of four years. The machine is being depreciated on a straight-line basis. At the end of the second year, what amount will be reported for accumulated depreciation? a) $25,000 Ob) $30,000 c) $22,500 d) $27,500