100 Eldg Construction Company has the following account balances reported on its financial statements on...
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100 Eldg Construction Company has the following account balances reported on its financial statements on December 31, 2019. In addition, the company did not issue any common stock during 2019. All accounts on financial statements have been adjusted and reported. Equipment (net) $550 Deferred revenue 105 Salaries expense 60 Depreciation for the year 70 Common stock 60 Supplies Notes payable 180 Service revenue 345 Cash 85 Dividend paid during the year 5 Retained earnings Required: Please choose the best answer for the following three questions based on the above Information What is the net income reported in 2019? O $280 O $210 O $215 O $170 What is the balance of total assets on December 31, 2019? O $780 O $840 O $665 O $735 What is the balance of retained earnings on December 31, 20197 05540 $325 $605 $990 Prey
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