Rooney Company started year 2 with $85,000 in its cash and common stock accounts. During year 2 Rooney paid $63,750 cash for employee compensation. Assume this is the only transaction that occurred in year 2. Required a. Determine the total amount of assets at the end of year 2 , assuming Rooney is a manufacturing company and the employees were paid to make products. b. Determine the amount of expense recognized on the year 2 income statement, assuming Rooney is a manufacturing company and. the employees were paid to make products. c. Determine the total amount of assets at the end of year 2, assuming Rooney is a service company. d. Determine the amount of expense recognized on the year 2 income statement, assuming Rooney is a service company