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[Questions 6-9] Use the following information for the next 4 questions: Comparative Balance Sheets for RYRY's Xray, Inc. are listed Below 2019 Cash 200 A/R,
[Questions 6-9] Use the following information for the next 4 questions: Comparative Balance Sheets for RYRY's Xray, Inc. are listed Below 2019 Cash 200 A/R, net 300 Inventory 500 Plant and Equipment 1000 Accum Depreciation 250 Accounts Payable 300 Common Stock 1000 Retained Earnings 450 December 31 2020 Cash 350 A/R, net 400 Inventory 650 Plant and Equipment 1050 Accum Depreciation 300 Accounts Payable 320 Common Stock 1000 Retained Earnings 830 The following data relate to 2020: Collections from credit customers,$20,000 Collections from cash customers $1,500 Payments to suppliers for merchandise $20,000 Purchase of Equipment for cash, $50 Dividends paid to shareholders $80 No plant and equipment was sold or retired during the year. Question 82 pts c) For RyRY the Net Income for 2020 was: Group of answer choices $400 $460 $380 $1,680 none of the above
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