QUESTION TO El Greco Corporation began operations on January 1, 2017. Presented below is selected information related to El Greco on December 31, 2017. Assume the beginning balance of retained earings to be nero. Account Receivable 117,000 Account Payable 144,000 Unearned Revenue 66,000 Dividends 135,000 Shure Capital-Ordinary 252,000 Advertising Payable 24,000 Supplies Expense 45,000 Advertising Expense 60,000 20. Using the information in the question above, what are the total liabilities of El Greco Corporation? Unearned revenue, account payable, advertising expense Unowned revenus, account payable, advertising payable, account receivable Unearned revenue, account payable, advertising payable Account payable, advertising payable QUESTION 22 Metzger Company compiled the following financial information as of December 31, 2017: Net Income $80,000 Beg Balance of Retained earnings 210,000 Equipment 240,000 Cash 105,000 Dividends 30,000 15,000 Supplies Share capital-ordinary 195,000 With the information given above, the ending balance of retained earnings of Metzger will be $260,000 $245,000 $320,000 $50,000 QUESTION 21 International Financial Reporting Standards are prepared by Financial Accounting Standards Board. O True False