Use the following information to answer questions 22 through 30: (Answer each question independently. The balance sheets are as of the end of each year.) 2018 $4,400 2019 $5,100 Accounts payable Utilities payable $1,200 $1,500 2018 2019 Cash $1,400 $1,900 Accounts $2,600 $3,100 receivable Inventory $3,100 $6,200 Prepaid insurance $800 $900 Equipment $22,000 $22,000 Accum. depreciation ($3,000) ($4,200) Land $4,100 $5,600 $31,000 $35,500 Wages payable Notes payable Interest payable $1,000 $800 $10,000 $12,600 $300 $600 Common stock $10,000 $10,000 Retained earnings $4,100 $4.900 $31,000 $35,500 None of the above Question 29 1 pts How much cash was collected during 2019 if total sales were $78,000? $78,500 $76,500 $77,500 $78,000 None of the above Question 30 1 pts