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Question 5 (7 points) Annapolis Corporation's trial balance included debits to expense accounts of $170,000, credits to revenue accounts of $210,000, and debits to the

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Question 5 (7 points) Annapolis Corporation's trial balance included debits to expense accounts of $170,000, credits to revenue accounts of $210,000, and debits to the Dividends account of $50,000. Based on this information, what is the amount of the company's net income or loss. Enter a loss as a negative number. Your Answer: Answer Question 6 (7 points) Baltimore Company reports total assets and total liabilities of $271,000 and $95,000, respectively, at the conclusion, of its first year of business. The company earned $67,500 during the first year, and distributed $28,000 to shareholders as dividends. How much did shareholders initially invest in the business? Your

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