Please answer and explain both questions

Take Test: Qui 2-18 SUMMER ACCT 209 100 SURVEY OF QUESTION 5 1 points Sav Use the follewing information to answer the next six questions: All balances are as of 12/3 1/2017 unless speofied otherwise Loss on the Sale of Equipment Short Term Investments Rotained Eamings, 1/1/17 Coodwill Common Stock Cash 62,250 Income Tax Expense 48,750 97,500 27,500 204,000 12,500 47.500 10,000 1,500 Iventory 281,000 Gain on Sale of Equipment 50,000 Cost of Goods Sold Notes Payable S/1/18 70,000 Sales Revenue 50,000 Dividends 104,500 Prepaid Expenses 83,000 Accrued Expenses Notes Payable, due 12/31/19 Equipment Operating Expenses 372,500 Accounts Recelvable 43,000 Aocounts Payable R,000 42,000 6,000 Determine the Working Capital as of December 31, 2017 OA 137,000 OB 59305 C. 187,500 OD 149.500 OE cannot be delermined since the balance of Common Stock is not given 1 points Save A QUESTION 6 Determine Retained Earnings and Cash as of 12/31/2017 A. Retained Earnings Cash 398,000 Cash 80.000 $281,000 OC Retained Eamings $422,750 Cash 5517.500 D. $70,000 388.000 $80.000 $436,750