Ruballos Manufacturing showed the following information in it's Shareholder's Equity (5 in thousands) as of December 31, 2021. Deficit (debit balance in retained earnings) Common stock Paid-in capital-share repurchase Treasury stock (at cost) Paid-in capital-excess of par $ 2,100 3,500 1,600 390 30,800 During 2022 ($ in thousands). net income was $10,100: 25% of the treasury stock was resold for $490: cash dividends declared were $720: cash dividends paid were $420. What ($ in thousands) was shareholders' equity as of December 31, 2021? Multiple Choice $34.190. O $31.810 $33,410 $37,610 Wu & Walls balance sheet at 12/31/2021 showed: Cash dividends payable Treasury stock Paid-in capital-share repurchase Common stock and other paid-in capital accounts Retained earnings $ 35,000 750,000 35,000 5,500,000 4,500,000 During 2022.50% of the treasury stock was resold for $270,000: net income was $750,000: cash dividends declared were $1.650.000: and stock dividends declared were $650.000. The 2022 sale of treasury stock would: Multiple Choice O Increase total shareholders' equity by $375,000 O Reduce retained earnings by $70,000 O Reduce Income before tax by $105,000 Reduce retained earnings by $105.000 Bahar Cai Auto Parts provides the following information for Year 1 of operations (in millions): $180 Pretax accounting income: Pretax accounting income included: Overweight fines (not deductible for tax purposes) Depreciation expense Depreciation in the tax return using MACRS: 9 71 106 Bahar's tax rate is 25%. Bahar's taxable income ($ millions) is: Multiple Choice $35. $145. $106. $154. Andrade Ceron Corporation presented the following for Year 1 of operations: Pretax accounting income Permanent difference $ 270,000 (14,000) 256,000 (20,200) $ 235,800 Temporary difference-depreciation Taxable income Andrade's tax rate is 25%. Income tax expense for the year is: Multiple Choice $67,500. $5,050. $64,000 $58,950. Tsang & Tsahas Manufacturing declared a $560,000 dividend on 01/01/2021. On 01/01/2021, the balance sheet showed the followin Common stock Paid-in capital-excess of par Retained earnings Paid-in capital-share repurchase $520,000 320,000 418,000 52,000 How much is the liquidating dividend? Multiple Choice $240,000 O $292,000 O $142.000 None of these answer choices are correct. Ruballos Manufacturing showed the following information in it's Shareholder's Equity (5 in thousands) as of December 31, 2021. Deficit (debit balance in retained earnings) Common stock Paid-in capital-share repurchase Treasury stock (at cost) Paid-in capital-excess of par $ 2,100 3,500 1,600 390 30,800 During 2022 ($ in thousands). net income was $10,100: 25% of the treasury stock was resold for $490: cash dividends declared were $720: cash dividends paid were $420. What ($ in thousands) was shareholders' equity as of December 31, 2021? Multiple Choice $34.190. O $31.810 $33,410 $37,610 Wu & Walls balance sheet at 12/31/2021 showed: Cash dividends payable Treasury stock Paid-in capital-share repurchase Common stock and other paid-in capital accounts Retained earnings $ 35,000 750,000 35,000 5,500,000 4,500,000 During 2022.50% of the treasury stock was resold for $270,000: net income was $750,000: cash dividends declared were $1.650.000: and stock dividends declared were $650.000. The 2022 sale of treasury stock would: Multiple Choice O Increase total shareholders' equity by $375,000 O Reduce retained earnings by $70,000 O Reduce Income before tax by $105,000 Reduce retained earnings by $105.000 Bahar Cai Auto Parts provides the following information for Year 1 of operations (in millions): $180 Pretax accounting income: Pretax accounting income included: Overweight fines (not deductible for tax purposes) Depreciation expense Depreciation in the tax return using MACRS: 9 71 106 Bahar's tax rate is 25%. Bahar's taxable income ($ millions) is: Multiple Choice $35. $145. $106. $154. Andrade Ceron Corporation presented the following for Year 1 of operations: Pretax accounting income Permanent difference $ 270,000 (14,000) 256,000 (20,200) $ 235,800 Temporary difference-depreciation Taxable income Andrade's tax rate is 25%. Income tax expense for the year is: Multiple Choice $67,500. $5,050. $64,000 $58,950. Tsang & Tsahas Manufacturing declared a $560,000 dividend on 01/01/2021. On 01/01/2021, the balance sheet showed the followin Common stock Paid-in capital-excess of par Retained earnings Paid-in capital-share repurchase $520,000 320,000 418,000 52,000 How much is the liquidating dividend? Multiple Choice $240,000 O $292,000 O $142.000 None of these answer choices are correct