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Use the following information for the question: Comparative Balance Sheets for RYRYs Xray, Inc. are listed Below 2019 Cash 200 A/R, net 300 Inventory 500

Use the following information for the question: Comparative Balance Sheets for RYRYs Xray, Inc. are listed Below

2019

Cash 200

A/R, net 300

Inventory 500

Plant and Equipment 1000

Accum Depreciation 250

Accounts Payable 300

Common Stock 1000

Retained Earnings 450

December 31 2020

Cash 350

A/R, net 400

Inventory 650

Plant and Equipment 1050

Accum Depreciation 300

Accounts Payable 320

Common Stock 1000

Retained Earnings 830

The following data relate to 2020:

Collections from credit customers,$20,000

Collections from cash customers $1,500

Payments to suppliers for merchandise $20,000

Purchase of Equipment for cash, $50

Dividends paid to shareholders $80

No plant and equipment was sold or retired during the year

For RyRy, Total Assets for 2020 was:

$2,450

$2,750

$2,150

$1,750

None of the above

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