Yonex Enterprises reported the following (S in 000) as of December 31, 2019. All accounts have normal balances: Deficit (Debit balance in retained earnings) Common Stock Paid in Capital - Treasury Stock 3,000 2,000 1,000 400 30,000 Treasury Stock at cost Paid in Capital-Excess of par During the year (in $ 000), net income was 9,000, 25% of Treasury Stock was resold for 450; cash dividends declared were 600; cash dividends paid were 500. 2A. What ($ in 000) was the shareholder's equity as of 31 December 2018? a. $29,600 b. $35,600 c. $30,400 d. $28,600 21B. What (S in 000) was a $38,100 b. $35,.600 c. $38,AS0 d. $38,350 s eqpaity as ot 3 3. The balance sheet of DeKenari Company included the folowing Common Stock, 25 million shares at $20 pet par Paid in Capital: Excess of Par Retained Earnings In January 2019, the following transaction took place with the journa $500 mil 3.000 mil 80 t Debit CASH Credit Common Stock Cred ls as 150 mil 100 mi 50 mil it Paid in Capital: Excess of par The above transaction was for the: a. Issue of 2 million shares of common stock at par b. Issue of common stock for $150 million in cash c. Receipt of $20 per share for a new stock issue d. All of above answer are correct 4 The 12/31/2018 balance sheet of Despot Inc. included the following: S 500 million Common stock, 25 million shares at $20 par 3,000 million 980 million Paid-in capital- excess of par Retained earnings In January 2018, Despot recorded a transaction with this journal entry Cash Common stock Paid-in capital-excess of par In February 2018, Despot declared cash dividends of $12 million to be paid in April of that year. What effect did the April transaction have on Despot's accounts? 150 million 100 million 50 million a. Decreased assets and liabilities. b. Decreased assets and shareholders' equity. c. Increased liabilities and decreased shareholders' equity I Mone of these answer choices are correct