$47.$ On July $4,2021,$ Bonita Mining Company purchased the mineral rights to a granite deposit for $$1550000.$ It is estimated that the recoverable granite will be $400000$ tons. During $2021,90000$ tons of granite was extracted and $60000$ tons were sold. The amount of the Depletion Expense recognized for $2021$ would be

Select answer from the options below:

a$.$ $$392500.$

b$.$ $$192500.$

c$.$ $$112500.$

d$.$ $$232500.$

$50.$ Marigold Insurance Company collected a premium of $$35940$ for a $1-$year insurance policy on May $1.$ What amount should Marigold report as a current liability for Unearned Insurance Revenue at December $31?$

Select answer from the options below:

a$.$ $$11980.$

b$.$ $$0.$

c$.$ $$23960.$

d$.$ $$35940.$

$64.$ If a gain of $$12000$ is incurred in selling $($for cash$)$ office equipment having a book value of $$107000,$ the total amount reported in the cash flows from investing activities section of the statement of cash flows is

Select answer from the options below:

a$.$ $$95000.$

b$.$ $$107000.$

c$.$ $$119000.$

d$.$ $$12000.$

$65.$ In Waterway Company, there was an increase in the land account during the year of $$43700.$ Analysis reveals that the change resulted from a cash sale of land at cost $$116500,$ and a cash purchase of land for $$158000.$ In the statement of cash flows, the change in the land account should be reported in the investment section:

Select answer from the options below:

a$.$ as a net purchase of land, $$43700.$

b$.$ as a purchase of land $$158000$ and a sale of land $$116500.$

c$.$ only as a purchase of land $$158000.$

d$.$ only as a sale of land $$116500.$

$67.$ Sheffield Consulting started the year with total assets of $$60900$ and total liabilities of $$14500.$ During the year, the business recorded $$47500$ in catering revenues and $$29400$ in expenses. Sheffield issued stock of $$9600$ and paid dividends of $$15800$ during the year. Stockholders' equity changed by what amount from the beginning of the year to the end of the year?

Select answer from the options below:

a$.$ $$2900.$

b$.$ $$9000.$

c$.$ $$11900.$

d$.$ $$46400.$

$70.$ Sheffield Shop had a balance in the Accounts Receivable account of $$751000$ at the beginning of the year and a balance of $$879000$ at the end of the year. Net credit sales during the year amounted to $$5949500.$ The average collection period of the receivables in terms of days was $($Round intermediate calculation to $3$ decimal places, e$.$g$.1\mathrm{.}235$ and final answer to $1$ decimal places, e$.$g$.0\mathrm{.}5.)$

Select answer from the options below:

a$.47\mathrm{.}0$ days.

b$.50\mathrm{.}0$ days.

c$.46\mathrm{.}1$ days.

d$.3\mathrm{.}7$ days.