Please answer questuons Check the right answe A,B,C,D...............

2016 2017 2018 Net Income $1.200 ($500) $2.300 Net Cash Flows $500 $300 $2,800 Dividends $200 SO $200 Issuance of Stock $2,000 SO SO The above amounts represent totals from the first three years of operations. Calculate the balance of Retained Earnings at the end of 2018. A) $3.500 B) $4,600 C) $2,600 D) $3,100 132) A bond issue with a face amount of $500,000 bears interest at the rate of 7%. The current market rate of interest is 8%. These bonds will sell at a price that is: A) The answer cannot be determined from the information provided. B) More than $500,000. C) Less than $500,000. D) Equal to $500,000. 133) Treasury Stock: A) Decreases stockholders' equity. B) Is recorded as an investment. C) Increases stockholders' equity. D) Has a normal credit balance. 134) On September 1, 2018, ABC signed a $100,000, 9%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2019. ABC should report interest payable at December 31, 2018, in the amount of: A) $0. B) $1,500. C) $4,500. D) $3,000. 135) Net sales $296,000 Cost of goods sold 138,000 Average inventory 50,000 What is the average days in inventory (round to the nearest whole day)? A) 170 days. B) 132 days. C) 151 days. D) 114 days. 136) ABC developed a new horse transport device and incurred research and development costs of $250,000. Rather than continue with their own research, ABC decided to purchase a patent for a similar design from Vail, Inc. for $350,000. What are the total assets and expenses for these developments? A) Assets $600,000; Expenses $0. B) Assets $250,000; Expenses $350,000. C) Assets $350,000; Expenses $250,000. D) Assets $0; Expenses $600,000. 21