Required information [The following information applies to the questions displayed below.) Waldorf Co. had the following transactions during the month of October 2018: (1) Cash received from bank loans was $60,000. (2) Dividends of $18,500 were paid to stockholders in cash. (3) Revenues earned and received in cash amounted to $100,500. (4) Expenses incurred and paid were $78,000. What amount of net income will be reported on an income statement for the month of October? $100,500. $ 78,000. o o oo $ 22500 $ 18,500. save & ex At the beginning of October, owners' equity in Waldorf was $480,000. Given the transactions in October 2018, what will be the owners equity at the end of the month? Multiple Choice O $480,000 $484,000. $502,500 $580.500