Use the following information for the next two questions: You are provided with the following information for Company X: All accounts have normal (positive) balances: 11,300 5,500 Accounts Payable Accounts Receivable Building Rent Expense Building Cash 3,000 45,000 14,000 Common Stock 70,000 22,000 0 14,000 22,000 9,700 Cost of Goods Sold Dividends Equipment Retained Earnings Unearned Revenue Utility Expense Inventories Land Prepaid Insurance Sales Wages Expense Wages Payable 3,400 4,800 16,000 1,000 42,000 3,000 1,100 Question 26 3 pts Total assets are: none of these $90,700 O $85,900 $160,700 O $100,300 Question 27 3 pts Net Income is: $9,600 $10,600 none of these $8,700 $9,500 Question 28 3 pts Company X has $200,000 Total Liabilities and $320,000 Total Assets. Stockholders' Equity is: O $120,000 $520,000 O Not enough information. Need to know how much common stock was sold. $20,000