The following is selected financial information for West Company: Cash $ 40,000 15,000 125,000 75,000 20,000 Prepaid insurance Retained earnings Inventory Unearned revenue Salary expense Depreciation expense Property, plant, and equipment Accumulated depreciation Accounts payable Long-term notes payable (due in 5 years) Sales revenue 75,000 25,000 450,000 90,000 100,000 275,000 418,000 5,000 50,000 85,000 220,000 Salaries payable Common stock Accounts receivable Cost of goods sold What is the amount of West Company's total liabilities? A. $100,000 B. $105,000 C.$125,000 D. $400,000 Using the following financial statement information, determine Brock Company's current ratio $ 150,000 400,000 $550.000 Current assets Noncurrent assets Total assets $125,000 156,000 $ 281,000 Current liabilities Long-term liabilities Total liabilities $100,000 Common stock Retained earnings Total stockholders' equity 169,000 $ 269,000 Total liabilities & stockholders' equity $550,000 . 1.00 . 1.20 C. 1.44 O D. 4.40 On January 1, 2012, Dixon Company borrowed $50,000 by issuing a 5-year note to First Bank. The note had a 10% annual rate of interest. The loan agreement called for five equal payments of $13,190 on December 31 of each year 2012 through 2016. What is the correct journal entry to record the loan payment on December 31, 2012? Debit 13,190 Credit Intere st Expense Cash b. Installment Note Payable . 13,190 13,190 Cash Intere st Expense Installment Note Payable 13,190 5,000 C. 8,190 Cash Installment Note Payable Intere st Expense 13,190 5,000 8,190 d. 13,190 Cash . . C. D