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 9,000 Increase in building (cash) = 20,000 Cashflow from financing activities = 8,000

At Dec, 31, 2018 : Cash = 40,000 Retained earnings = 30,000

10. Cash at Dec, 31 , 2019 = (3 Points)

9,000

85,000

91,000

76,000 11. Retained earnings at Dec ,31 ,2019 = (2 Points)

83,000

75,000

35,000

95,000