The following accounts are taken from the statements of the company : At Dec,31,2019 : Operating income = 80,000 Net income = 60,000 Dividends = 15,000 Decrease in inventory = 12,000 Decrease in account payable = 9000 Increase in building (Cash) = 20,000 Cashflow from financing activities = 8000 At Dec,31,2018 : Cash = 40,000 Retained Earnings = 30,000

10.Cash at Dec,31,2019 =Required to answer. Single choice.

(3 Points)

9,000

85,000

91,000

76,000

11.Retained Earnings at Dec,31,2019 =Required to answer. Single choice.

(2 Points)

83,000

75,000

35,000

95,000