Using the following accounts and their amounts, prepare in good format a balance sheet for Bright Futures Company for the month ended August 31. Telephone expense Cash Accounts payable $1,150 3,000 1,540 Dividends Fees earned 800 15,700) Rent expense Supplies 1,400 140 Accounts receivable 1,500 Computer equipment 17,600 Common stock 10,000 Retained earnings (August 1) 4,320 Wages expense 4,800 Utilities experse 750 Office expense 420 Bright Futures Company Balance Sheet August 31 Assets All work saved. Previous Next Submit Test for Grading Accounts receivable 1,500 Computer equipment 17,600 Common stock 10,000 Retained earnings (August 1) 4,320 Wages expense 4,800 Utilities expense 750 Office expense 420 Total assets Bright Futures Company Balance Sheet August 31 Assets Liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity 1000000 000002 Search Results | Course Her CIChegg.com As of the end of its accounting period, December 31, Year 1, Great Plains Company has assets of $929,506 and liabilities of $278,400. During Year 2, stockholders invested an additional $28,746 and received $25,507 in dividends from the business. What is the amount of net income during Year 2, assuming that as of December 31, Year 2, assets were $980,037 and liabilities were $235,866? Ca. $89,826 b. $25.507 Cc. $50,531 Od. $42,534 Dave Ryan is the CEO of Ryan's Arcade. At the end of its accounting period, December 31, Ryan's Arcade has assets of $450,000 and liabilities of $125,000. Using the accounting equation, determine the following amounts: a. Stockholders' equity as of December 31 of the current year. b. Stockholders' equity as of December 31 at the end of the next year, assuming that assets increased by $65,000 and abilities increased by $35,000 during the year