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Balance sheet 2021 2022 Cash 16,074 19,664 Money Market 15,000 15,000 Computer 5,600 5,600 Deprecation...

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Question

Accounting

Balance sheet 2021 2022

Cash 16,074 19,664

Money Market 15,000 15,000

Computer 5,600 5,600

Deprecation (1,120) (2,912)

Total Assets 35,554 37,352

Libilities

Wages 452 464

Payroll taxes 42 47

Notes long term total libilites 504 528

Stockholder equity

Common stock 100 100

Additional paid cash 10,000 10,000

Retained earning 24,950 36,724

Totals 35,554 37,352

Reviewing the balance sheet

In 2022 Hill made a total distribution of $10,000. This amount was paid to the 4 shareholders in accordance with their ownership % of 40&, 40% 10% and 10% If the corportation had not made this distribution the end of the year cash account would be higher. Which of the following end of the year items on balance sheet would also be higher if the corporation had not made a distibution in 2022?

a. notes payable short term

b. retained earnings

c notes payable long term

d. additional paid in capital

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