Simple MCQ from Financial Accounting class. Please answer it ASAP!!!

Collapse 1 15 The following information applies to the questions displayed below) Sanchez Company engaged in the following transactions during Year 1: 1) Started the business by issuing 542.000 of common stock for cash 2) The company paid cash to purchase $26.400 of inventory. 3) The company sold inventory that cost $16.000 for $30,600 cash 4) Operating expenses incurred and paid during the year. 514.000 Sanchez Company engaged in the following transactions during Year 21 The company paid cash to purchase 535 200 of inventory 2) The company sold inventory that cost $32.800 for $57.000 cash 3) Operating expenses incurred and paid during the year, $18.000 Note: Sancher uses the perpetual inventory system What is the amount of inventory that will be shown on the balance sheet at December 31. Year 2? $2.400 512800 561.500 $28.800 Collapse mount of inventory that will be shown on the balance sheet at December 31. Year 2 O 512,800 561.500 $28.800 QUESTION 16 On September 1, Year 1. Gomez Company collected 59.000 n advance from a customer for services to be provided over a one year period beginning on that date. How much revenue would comez Comanty report related to this contract on its income statement for the year anded December 31 Year 17 How much would the company report as net cash flows from operating activities for Year 17 53.000 59.000 53.000 53.000 50:59.000 50.000: 50.000 QUESTION 17 The following information is to the question des be 1 17 Collapse information applies to the questions displayed below) Packard Company engaged in the following transactions during Year 1. its first year of operations Assuma al transactions are cash transactions 1) Acquired 5950 cash from the issue of common stock 2) Borrowed 5430 from a bank 3) Erned 5650 of revenues. 4) Pald expenses of $250 5) Paid a 550 dividend During Year 2. Packard encored in the following transactions Assure all transactions are cash transactions 1) issued an additional $325 of common stock 2) Repaid 5220 of its debt to the bank 3) Earned revenues of 570 4) incurred expenses of 360 5) Paid dividends of $100 What is the amount of total stockholders equity that we reported on Pocket at the end of eart S150 5130