Vargas, Inc. sold goods with a selling price of $70,000 in 2025 and estimated 2% warranty expense for the year. Customers complained of defects, and goods with a cost of $1,500 had to be replaced. Which of the following is the correct journal entry for honoring the warranties with goods? Based on the following information for Montana Investments, Inc., compute the rate of retum on total assets. (Round the percentage to two decimal places.) A. 6.7% B. 16.76% C. 8.38% D. 10.34% Baker Corp. purchased a mine in 2024 for $1,350,000. and estimated that 90,000 tons of iron ore could be extracted from it. There was no residual value. The business extracted and sold 2,400 tons of ore in 2024 . What is the book value of the mine on the balance sheet at the end of year 2024 ? (Round all intermediate caiculations to the nearest cent.) A. $1,314,000 B. $36,000 C. $1,200,000 D. $1,250,000 Using the indirect method to prepare the statement of cash flows, ABC Company sold equipment for $13,000 cash, sold land for $7,000 cash, and purchased another piece of equipment for $25,500. The net cash flows provided by I used for investing activities is A. $(5,500) B. $5,500 C. $(12,500) D. $12,500