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Incorrect Question 8 0 / 2.5 pts How much in current assets did Kuithe Corp. report in its 2020 balance sheet? (just enter the number, without any commas or a dollar sign) Financial Statements for 2020 Balance Sheet Income Statement Assets Cash Accounts Receivable, Net Inventory Prepaid Rent Equipment, Net Land Total Assets 2020 2019 $ 62,000 $ 48,000 $ 26,000 $ 23,000 $ 22,000 $ 32,000 $ 40,000 $ 20,000 $ 72,000 $ 80,000 $ 30,000 $ 40,000 $ 252,000 $ 243,000 Sales Revenue $ 230,000 Cost of Goods Sold $ (135,000) Wages Expense $ (18,000) Rent Expense $ (10,000) Bad Debt Expense $ (2,000) R&D Expense $ (20,000) Depreciation Expense $ (8,000) Interest Expense $ (4,000) Gain on Sale of Land $ 3,000 Income Tax Expense $ (5,000) Net Income $ 31,000 Liabilities and Equity Accounts Payable Wages Payable Income Tax Payable Long-Term Debt Contributed Capital Retained Earnings Total Liabilities and Equity 2020 2019 $ 28,000 $ 24,000 $ 23,000 $ 17,000 $ 1,000 $ 8,000 $ 38,000 $ 38,000 $ 120,000 $ 120,000 $ 42,000 $ 36,000 $ 252,000 $ 243,000 252,000 Incorrect Question 10 0 / 2.5 pts How much cash did Kuithe Corp. collect in cash from customers during 2020? (just enter the number, without any commas or a dollar sign) Financial Statements for 2020 Balance Sheet Income Statement Assets Cash Accounts Receivable, Net Inventory Prepaid Rent Equipment, Net Land Total Assets 2020 2019 $ 62,000 $ 48,000 $ 26,000 $ 23,000 $ 22,000 $ 32,000 $ 40,000 $ 20,000 $ 72,000 $ 80,000 $ 30,000 $ 40,000 $ 252,000 $ 243,000 Sales Revenue $ 230,000 Cost of Goods Sold $ (135,000) Wages Expense $ (18,000) Rent Expense $ (10,000) Bad Debt Expense $ (2,000) R&D Expense $ (20,000) Depreciation Expense $ (8,000) Interest Expense $ (4,000) Gain on Sale of Land $ 3,000 Income Tax Expense $ (5,000) Net Income $ 31,000 2 Liabilities and Equity Accounts Payable Wages Payable Income Tax Payable Long-Term Debt Contributed Capital Retained Earnings Total Liabilities and Equity 2020 2019 $ 28,000 $ 24,000 $ 23,000 $ 17,000 $ 1,000 $ 8,000 $ 38,000 $ 38,000 $ 120,000 $ 120,000 $ 42,000 $ 36,000 $ 252,000 $ 243,000 256,000