Question 34 On 1/1/21, the Rainbow Company had total equity of $2,680 of which $1,674 was Retained Earnings. Additional data for 2021 and 2022 Not yet answered Points out of 2.5 2021 2022 P Flag question Net Income $450 $210 Common Stock Issued 330 100 Dividends Declared and Paid 170 0 Retained Earnings at 12/31/22 were: Select one: a $2,664 b. $3,600 c. $1,496 d. $1,500 e. $2,164 Accruing Interest Expense will: Question 35 Not yet answered Points out of 2.5 Select one: a. Increase total liabilities b. Increase total assets P Flag question c. Not affect stockholders' equity d. Increase net income e. Not affect total liabilities Question 31 Which transaction will affect the total of Current Liabilities? Select one: Not yet answered Points out of 2.5 Flag question a. Payment of Account Payable Accrual of Wage Expense No Yes Payment of Account Payable Accrual of Wage Expense No No c. Payment of Account Payable Accrual of Wage Exper Yes Yes Payment of Account Payable Accrual of Wage Expense Yes No On September 30, 2021, the Nehra Company pays $9,000 cash for rent through 2/28/22. The 2021 Rent Expense is: Question 32 Not yet answered Points out of 25 P Flag Question Select one: a. $4,500 b. $5,400 c. $1,800 d. $3,000 e. $3,600