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  3. 3 the don't tread on me tire company had retained

3 The Don't Tread on Me Tire Company had retained earnings at December 31, 2015...

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3 The Don't Tread on Me Tire Company had retained earnings at December 31, 2015 of $216,000. During 2016, the company had revenues of $416,000 and expenses of $358,000, and the company declared and paid dividends of $12,600. Retained earnings on the balance sheet as of December 31, 2016 will be: 01:29:05 Multiple Choice $261,400 O $274,000 $319,400 $45,400 4 The asset account Office Supplies has a balance of $895 at the beginning of the year. The amount on hand at the end of the year is $690. The company has calculated the Supplies Expense for the year to be $5,400. Based on this information, what amount of office supplies was purchased during the year? 01:29:02 Multiple Choice $6,090 O $4,710 $0 $5,195 Famworth Corp. pays Income tax man average rate of 35 percent. This year its revenue is $126,000 and its expenses are $83.000 The adjusting entry to record the income tax expense will 5 Multiple Choice decrease labies by $95.000 O decrease stockholders' equity by $15.050 increase stockholders' equity by $15.050 decrease net income by 543.000

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