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The companys total assets are $39,500. The following is a listing of the company's accounts and account balances as of December 31 , Year 3.

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The companys total assets are $39,500. The following is a listing of the company's accounts and account balances as of December 31 , Year 3. This company doesn' have any other accounts: Required: a. Determine the balance of the Cash account. b. Determine the balance of the Retained Earnings account. The classified balance sheet for a company reported current assets of $1,884,101, total llabilities of $814,540, Common $ tock of $1,150,000, and Retained Earnings of $145,260. The current ratio was 2.9 . Which of the following staternents is not correct? Multiple Choice Tothl Assets are $2,109,800. Noncurtent liabilities are $145,260 The amount of current assets is 29 times the amount of current liabilities. Total Stockholders' equity is 51,295,260

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