TUF Corporation has retained earnings of $450,000 at December 31, 2020. During 2021 TUF reported $170,000 of net income and declared $20,000 of dividends. What is the December 31, 2021 retained earnings? $640,000 $430,000 $600,000 $620,000 Cozy Corporation purchased supplies at a cost of $15,000 during the current year. At January 1, supplies on hand were $5,000. At December 31, supplies on hand are $2,000. How much is the supplies expense? $2,000 $13,000 $15,000 $18,000 PKU Company needs to replace a machine in 3 years. The new machine is expected to cost $15,000. How much does PKU have to put into a savings account today to have enough saved to purchase the machine, assuming an annual interest rate of 4%, compounded annually? (round to the nearest dollar) $16,929 $13,327 $13,313 $13,335 CFR Company sold equipment to ABC Company in exchange for a note receivable. The note charges 12% annually, and ABC is required to make monthly payments of $500 for the next 24 months. What is the present value of the note receivable? (round to the nearest dollar) $20,073 $10,622 $3,892 $24,798