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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 debit $17,750 Plant, property, and equipment $37,000 Retained earnings $12, 100 O A. $11,740 OB. $11,090 OC 27.725 OD. $16.625

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