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The comparative balance sheet of Yellow Dog Enterprises inc. at December 31,20Y8 and 20Y7, is as follows: A. Net income, $321,680. B. Depreciation reported on

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The comparative balance sheet of Yellow Dog Enterprises inc. at December 31,20Y8 and 20Y7, is as follows: A. Net income, $321,680. B. Depreciation reported on the income statement, $84,000. C. Equipment was purchased at a cost of $162,900 and fully depreciated equipment costing $44,580 was discarded, with no salvage realized. D. 10,000 shares of common stock were issued at $21 for cash. E. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty. F. Cash dividends declared and paid, $153,640. The comparative balance sheet of Yellow Dog Enterprises inc. at December 31,20Y8 and 20Y7, is as follows: A. Net income, $321,680. B. Depreciation reported on the income statement, $84,000. C. Equipment was purchased at a cost of $162,900 and fully depreciated equipment costing $44,580 was discarded, with no salvage realized. D. 10,000 shares of common stock were issued at $21 for cash. E. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty. F. Cash dividends declared and paid, $153,640

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