Use the following information to determine Total Stockholders' Equity. Total Assets $ 85,000 21,000 Total Liabilities Total Stockholders' Equity Total Retained Earnings 9,000 Oa. $58,000 Ob. $55,000 Oc. $64,000 Od. $40,000 A corporation is an entity Oa. that is organized according to state or federal statutes and in which ownership is divided into shares of stock Ob. that is known for its ease of formation Oc. that pays tax on the owner's tax returns Od. that terminates its existence with the death of the owner Heedy Company had the following account balances in 2017 and 2048, respectively. Assuming dividends of $20,000 were paid in 2018, how much was net income? 20Y8 $ 42,000 Capital Stock Retained Earnings Total Stockholders' Equity 20YZ $ 40,000 210.000 $ 250,000 X $ 314,000 Oa. $62,000 Ob. $252,000 Oc. $272,000 Od. $82,000