QUESTION 4 2 points Save Answer Petey Corporation had the following items on its balance sheet at December 31, 2019 accounts payable - $40,000; accumulated depreciation - $400,000; allowance for doubtful accounts = $10,000 equipment - $900,000 notos payable due March 1, 2020 - $100,000; notes payable due December 31, 2023 - $400,000; salaries payable - $60.000; uneamed revenue = $120,000 What is the amount of current fiabilities as of December 31, 2019? 2.5720,000 0.5730,000 $320,000 d $200,000 QUESTION 5 2 points Save Answer Which of the following is true regarding a classified income statement for a merchandising company? Service revenue is the first item listed. Cost of goods sold is often the largest operating expense. The statement includes subtotals or totals for gross profit, operating income, pre-tax income and net income. Bad debt expense is deducted from sales to arrive at net sales