QUESTION 4 Teslo Inc had the following account balances for the year. What is net income for the year? Accounts Payable Inventory Common Stock $5,400 10,000 20.000 Cash Inventory 14,500 14,700 Fees Earned 68.200 Miscellaneous Expense 19,000 Rent Expense 10,000 Retained Earnings, end of year 104,000 Wages Expense 16.150 Oa. $15,950 Ob. $23,050 Oc $22,100 Od $31,600 QUESTION 5 Teslo Inc. had the following account balances for the year. What is stockholders' equity at the end of the year? Accounts Payable $3,400 Inventory Common Stock 10,000 20,000 Cash Inventory 14,500 14,700 Fees Eamed 68.200 Miscellaneous Expense 10,000 Rent Expense 10,000 Retained Earings, end of year 104,000 Wages Expense 16,130 O$ 104,000 Ob. $29,000 Oc. $124,000 Od none of the above