Refer to the information provided for IPOD Corporation. What amount should IPOD report on in balance sheet for total assets? a. $2,000,000 b. $2,550,000 c. $2,100,000 d. $1,900,000 23. Refer to the information provided for IPOD Corporation. What is IPOD's retained earnings balance at the end of the current year? a. $ 500.000 b. $1,100,000 c. $ 400,000 d. $1, 200,000 24. Paradise Company reports the following information at December 31, 2012: What is Natural Company's Gross Profit? a. $ 6,100,000 b. $ 6,500.000 c. $ 5.500,000 d. $12,000,000 25. Which one of the following is a source of equity? a. Notes payable b. Accounts payable c. land d. Contributed capital 26. Which of the following accounts are normally reported as current liabilities on a classified balance sheet? a. Accounts payable and Prepaid insurance b. Interest payable and Interest receivable c. Income taxes payable and Salaries payable d. Capital stock and Accounts payable