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total assets $ 1 , 0 4 0 , 0 0 0 . 0 0 $ 9 1 0 , 0 0 0 . 0

total assets $1,040,000.00 $910,000.00 $765,000.00
liabilities $230,000.00 $140,000.00 $15,000.00
retained earnings $210,000.00 $175,000.00 $150,000.00
common stock $600,000.00 $600,000.00 $600,000.00
par value of common stok $2.00 $2.00 $2.00
net income $29,000.00 $20,000.00
dividends (common stock) $3,000.00 a $2,000.00
dividends (pfd stock) $2,000.00 $2,000.00 $1,500.00
Use the information above. Calculate the values for (A) and (B).
Select one:
a.
A = $2,000 and B = $48,000, respectively
b.
A = $4,000 and B = $48,000, respectively
c.
A = $2,000 and B = $40,000, respectively
d.
A = $4,000 and B = $40,000, respectively
e.
none of the above are accurate reflections of the respective values of (A) and (B)

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