Presented below are data for ABC Corp 2025 2026 Assets, January 1 $4,200 $5,040 Liabilities, January 1 2,520 ? Stockholders' Equity, Jan. 1 3 ? Dividends 840 630 Common Stock 756 672 Stockholders' Equity, Dec. 31 ? ? 840 672 Net Income Stockholders' Equity at January 1, 2025 is Oa. $1,140. O b. $2,436. Oc. $1,056. Od $1,680. The basis for classifying assets as current or noncurrent is conversion to cash (resources the firm expects to be turned into cash, sold, or consumed) within Oa. the operating cycle or one year, whichever is longer. O b. the operating cycle or one year, whichever is shorter. O the accounting cycle or one year, whichever is shorter Od the accounting cycle or one year, whichever is longer