Wolken has never paid a dividend on its common stock, and it issued $2,400,000 of 10-year non-callable, long-term debt in 2012. As of the end of 2013, none of the principal on this debt had been repaid. Assume that the company's sales in 2012 and 2013 were the same. Which of the following statements must be CORRECT?

A:Wolken issued long-term debt in 2013.

B:Wolken issued new common stock in 2013.

C:Wolken had negative net income in 2013.

D:Wolken repurchased some common stock in 2013.

E:Wolken decreased its short-term bank debt in 2013.

C uml.umassonline.net/webapps/assessment/take/launch.jsp?course_assessment_id=_62312_1&cour PPU YouTube 5 71/ 7 ER Bb My UML Online -... PESZ BIMART ... My Library Brytew.. QUESTION 23 Below are the year-end balance sheets for Wolken Enterprises: Assets: 2013 2012 Cash EA 200,000 2, 170,000 Accounts receivable 864,000 700,000 Inventories 2,000,000 1,000,000 Total current assets $3,064,000 $3,870,000 Net fixed assets 6,000,000 5,084,000 Total assets $9,064,000 $8,954,000 Liabilities and equity: 2013 2012 Accounts payable $1,400,000 $1,090,000 Notes payable 1,600,000 1,800,000 Total current liabilities $3,000,000 $2,890,000 Long-term debt 2,400,000 2,400,000 Common stock 3,000,000 3,000,000 Retained earnings 664,000 664,000 Total common equity $3,664,000 $3,664,000 Total liabilities and equity $9,064,000 $8,954,000 Wolken has never paid a dividend on its common stock, and it issued $2,400,000 of 10-year non-callable, long-term debt none of the principal on this debt had been repaid. Assume that the company's sales in 2012 and 2013 were the same. V must be CORRECT? Click Save and Submit to save and submit. Click Save All Answers to save all answers. W PC NX 29 MacBook 20 - -- F3 F6 F7 F1 F4 F5 $ % &