The changes in account balances for Elder Company for 2021 are as follows: Assets Common stock Liabilities Paid-in capital-excess of par $486,000 debit 235,000 credit 146,000 credit 16,000 credit Assuming the only changes in retained earnings in 2021 were for net income and a $51,000 dividend, what was net income for 2021? Multiple Choice $105.000 $140,000 589,000 $142.000 As of December 31, 2021, Warner Corporation reported the following Cash dividends payable Treasury stock Paid-in capital-share repurchase Common stock and other paid-in capital accounts Retained earnings. $ 25,000 650,000 25,000 4,500,000 3,500,000 During 2022, half of the treasury stock was resold for $250,000: net income was $650,000, cash dividends declared were $1,550,000, and stock dividends declared were $550,000. The 2022 sale of half of the treasury stock would Multiple Choice Reduce income before tax by $75,000 Increase total shareholders equity by $325,000 O Reduce retained earnings by $50,000 Raduca retained earnings by $75.000 Yellow Enterprises reported the following ($ in thousands) as of December 31, 2021. All accounts have normal balances Deficit (debit balance in retained earnings) Common stock Paid-in capital-share repurchase Treasury stock (at cost) Paid-in capital-excess of par $1,100 2,100 1,700 280 30,000 During 2022 ($ in thousands), net income was $10.000, 25% of the treasury stock was resold for $470; cash dividends declared were $730, cash dividends paid were $400.) What ($ in thousands) was shareholders' equity as of December 31, 2022? Multiple Choice $42:60 $42.020 O 543360 542420