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Watt Company was established in Jonuary, Year 1. During Year 1 the company experlenced the following events - Collected 57,400 cash from the issue of

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Watt Company was established in Jonuary, Year 1. During Year 1 the company experlenced the following events - Collected 57,400 cash from the issue of common stock - Borrowed $4.400 cash from the state bank - Earned $5,400 of cash revenue. - Paid 53,400 cash expenses: The company was inuidated at the end of Year 1. Based on this information Muluple Choice the stockholders would receive $9,400 the credtor ane bansh would receive $7400 the creditor che bank would recelve $2.000 tho stockholders would receive $7,400

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