The net income of Hollywood Talent Services is $26,000. The beginning and ending stockholders' equity balances were $34,000 and $55,000, respectively. The company issued no common stock. Calculate the amount of dividends. O A. $15,000 O B. $7,000 O C. $5,000 O D. $8,000 The following transactions for the month of March have been journalized and posted to the proper accounts. Mar. 1 The business received $9,000 cash and issued common stock to stockholders. Mar. 2 Paid the first month's rent of $700. Mar. 3 Purchased equipment by paying $3,000 cash and executing a note payable for $6,000. Mar. 4 Purchased office supplies for $720 cash. Mar. 5 Billed a client for $10,000 of design services completed. Mar. 6 Received $7,800 on account for the services previously recorded. What is the balance in Cash on March 6? O A. $13,800 O B. $12,380 OC. $15,380 O D. $13,080 The following are the current month's balances for selected accounts of Sandlin Marketing Company. Accounts Payable S8,000 8,000 Revenue Cash (4,650) Expenses 1,400 14,000 16,000 Furniture Accounts Receivable Common Stock 6,250 4,500 Notes Payable O A. $6,600 O B. $3,350 O C. $9,400 O D. $8,000 Ten years ago a corporation purchased a building for $180,000. At that time, the corporation felt that the building was worth $205,000. The current market value of the building is $420,000. The building has been assessed at $395,000 for property tax purposes. At which amount should the corporation record the building in its accounting records? O A. $420,000 O B. $205,000 OC. $180,000 O D. $395,000