Question: Please explain how to get correct answer Question 16 EX Black and Red Corp has the folowing accounts and balances as of December 31, 2017.

Please explain how to get correct answer

Question 16 EX Black and Red Corp has the folowing accounts and balances as of December 31, 2017. Accounts payable (L) 23 000 A) 25,000 7,000 Inventory (A Interest payable (L) 10,000 Accum Deprecia Marketable securities ( stock Notes Payable due Mar 4,2022 (L 60000 32,000 80,000 The total current liability amount is Sla Patent Prepaid insurance Retained earnings (OE) 6,000 decimal point in your answer Specified Answer for a o 112000 Correct Answers for: a Evaluation Method G Exact Match Correct Answer 52000 52,000 Case Sensitivity Exact Match

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