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Use the following information to answer the next two questions: Yellow Corporation has been in the business since 2003. The following information concerning financial activities

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Use the following information to answer the next two questions: Yellow Corporation has been in the business since 2003. The following information concerning financial activities during 2019 is available at December 31, 2019: R Service Revenue A Accounts Receivable A Land L Accounts Payable E Salary Expense A Building L Note Payable SE Dividends SE Retained Earnings, 12/31/19 $145,000 21,000 48,000 17.000 ??? 52.000 ??? 8,000 43,000 A Cash Advertising Expense SE Common Stock SE Retained Earnings, 1/1/19 SE Utilities Expense SE Rent Expense A Supplies E Insurance Expense $29,000 4,000 55,000 13,000 11,000 23,000 1,000 10,000 1. Total assets as of December 31, 2019: A. $150,000 B. $130,000 C. $189,000 D. $151,000 E. $147,000 2. Balance of the Note Payable account as of December 31, 2019: A. $36,000 B. $53,000 C. $98,000 D. $101.000 E. $151,000 3. Amount of Net Income/(Net Loss) for 2019 is: A. $42,000 B. $36,000 C. $30,000 D. $89,000 E. $38,000

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