8. The Get-up-and-Go Company borrowed $60,000 from the bank and used all of the money on a permanent addition to their store. Their balance sheet would show this as: $60,000 under Fixed Assets and $60,000 under Notes Payable 60.000 under Building Expenses and $60,000 under Accounts Payable ,000 under Prepaid Expenses and $60,000 under Accrued Liabilities d. $60,000 under Other Assets and $60,000 under Other Liabilities 9. The JB Bank Corporation had Retained Earnings at the end of December 31, 2019 of $450,000. During 2020, the company had net income of $170,000 and declared dividends of $20,000. Retained Earnings on the balance sheet as of December 31, 2020 will be: a. $430,000 b. $600,000 c. $620,000 d. $640,000