The Good Word Store reported the following figures: Retained Earnings, January 31, 2019.........................$39,000,000 Retained Earnings, January 31, 2020.........................$22,000,000 Total Stockholders' Equity, January 31, 2019...........$30,000,000 Total Stockholders' Equity, January 31, 2020...........$26,000,000 The company's fiscal year ends on January 31 each year. Dividends declared for the fiscal year ending January 31, 2020 are $14,000,000. What is the net loss for the fiscal year ending January 31, 2020?

Question 17 options:

A)	$8,000,000 net loss

B)	$17,000,000 net loss

C)	$14,000,000 net loss

D)	$3,000,000 net loss

Gary Kraen Company purchased equipment on May 1, 2019 for $800,000. The residual value is $10,000 and the estimated useful life is 10 years. What is the Depreciation Expense for the year ending December 31, 2020, if the company uses the double-declining-balance method? (Round your final answer to the nearest dollar.)

Question 18 options:

A)

$80,000

B)

$106,667

C)

$79,000

D)

$138,667