Remaining Time: 1 hour, 03 minutes, 38 seconds Question Completion Status: Knights Inc Trial Balance December 31, 2019 $ 19,500 12,750 22,500 $ 6,000 7.750 Cash Accounts Receivable Office Equipment Accumulated Depreciation Accounts Payable Capital Stock Retained Earnings Dividends Service Fees Earned Salaries Expense Advertising Expense Depreciation Expense 22,500 3,000 7.500 47,500 16,000 3.250 4,250 85,750 $ 85.750 After closing the accounts, Retained Earnings at December 31 equals: 524,000 $14,500 Question 32 Kraghts in sold a plantas that orginal 50.000 $32.000 che comporta 55.000 1 528.000 533000 $23.000 55.000 Question 33 in which of the following situations would Knighting include goodwilinis Batance Shoor? The fair market value of Knights assets $2,000,000. Normal earnings are 15 percent of asset Not Income for Krights or the past years 30000 Singh Industries acquired Knights assets at a price in excess of the fair market value of Knights Knights Inc spent $800.000 during the current year for research and development for a new product that promises to generation for a 10 years O A buyer wishing to purchase Knights ontre operation has offered price in excess of the market value of the companys Question 34 On October 1, 2021. BB&T od 500,000 to be dhe persona The restwined on this on om Knights the ou2022 will auto 50.000 34 500 0513.500 C 518 000