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QUESTION 18 Marla Corporation's ledger includes the following selected account balances at December 31, 2012: Paid-in Capital in Excess of Par Value, Common 560,000 Cash 820,000 Unearned Revenue 55,000 Discount on Bonds Payable 75,000 Retained Earnings 300,000 Paid-in Capital in Excess of Par Value, Preferred 100,000 Cash Dividends Payable 80,000 Treasury Stock, Common, 36,000 shares 40,000 Accounts Payable 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% 900,000 Common Stock, $1 par value, 240,000 shares issued 240,000 The balance sheet prepared at December 31, 2012, would report total liabilities of: $1,025,000 $1,160,000 O $1,240,000. $1,080,000. none of the above. QUESTION 19 Maria Corporation's ledger includes the following selected account balances at December 31, 2012: Paid in Capital in Excess of Par Value, Common 560,000 Cash 820,000 Unearned Revenue 55,000 Discount on Bonds Payable 75,000 Retained Earnings 300,000 Paid-in Capital in Excess of Par Value, Preferred 100,000 Cash Dividends Payable 80,000 Treasury Stock, Common, 36,000 shares 40,000 Accounts Payable 120,000 Preferred Stock, 12% $100 par value, 4,000 shares issued 400,000 Bonds Payable, 14% 900,000 Common Stock, $1 par value, 240,000 shares issued 240,000 The balance sheet prepared at December 31, 2012, would report total stockholders' equity of: $1,640,000 $1,636,000 $1,560,000 $1,564,000 none of the above

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