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Use the information below for the Michigan Auto Corporation (MAC) to answer the following questions. Balance Sheet Accounts of Michigan Auto Corporation (MAC) Corporation Account

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Use the information below for the Michigan Auto Corporation (MAC) to answer the following questions. Balance Sheet Accounts of Michigan Auto Corporation (MAC) Corporation Account Balance 12/31/2017 Accumulated depreciation $7,650 Accounts payable $6,875 Accounts receivable $8,000 Cash $3,750 Common stock $15,625 Inventory $11,250 Long-Term debt $17.750 Plant, property, and equipment $37.000 Retained earnings $12, 100 A $16,625 OB. $11.740 C. $11,090 D. $27,725 Use the information below for the Michigan Auto Corporation (MAC) to answer the following questions. Balance Sheet Accounts of Michigan Auto Corporation (MAC) Corporation Account Balance 12/31/2017 Accumulated depreciation $7,650 Accounts payable $6,875 Accounts receivable $8,000 Cash $3,750 Common stock $15,625 Inventory $11,250 Long-Term debt $17.750 Plant, property, and equipment $37.000 Retained earnings $12, 100 A $16,625 OB. $11.740 C. $11,090 D. $27,725

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