Which of the following cost formulas would be most appropriate for costing an inventory of liquids stored in tanks? weighted average O FIFO periodic perpetual Consider the following data: Cash $ 15,200 Accounts receivable 29,500 34,500 Accounts payable Note payable 50,000 Inventory 17,000 Dividends payable 5,200 Equipment 220,000 Supplies 6,400 Net Income 35,000 Accumulated depreciation 100,000 Common shares 40,000 Beginning Retained earnings 23,400 Prepaid rent 1,600 Salaries payable 12,000 Dividends declared 5,200 Total liabilities amounts to $101,700. $98,100. $196,500. O $198,100