The beginning balance in the Common Stock account of a company was $11,000. The revenues and expenses were $220,000 and $110,000, respectively. During the year, the company declared and paid dividends of $5,000. The ending balance in the Retained Earnings was $105,000. (Assume that the beginning balance of Retained Earnings was zero.) True False Pioneer's adjusted trial balance as of December 31, 2018 is given below: Credit Cash Accounts Receivable Prepaid Rent Prepaid Insurance Office Supplies Land Building Accumulated DepreciationBuilding Equipment Accumulated Depreciation-Equipment Debit $15,000 8,000 6,000 2,300 3,200 47,000 51,000 $12,000 31,000 7,500 A. 1.9 B. 2.88 C. 2.85 D. 7.5