When answering the question, input ONLY the first letter, for example: if the answer was Liability input L as the answer. Purchased land Item Type of Account A, L, SE, D, R or E 1. 2. 3. 4. Owe vendor Used supplies 5. 6. Issued common stock to owners 7. 8. Provided services to customers 9. 10. Use the following to answer questions 11-14 RED Corp reports the following amounts at the end of the year: Assets $500,000 Revenues 375,000 Liabilities 220,000 Common stock 100,000 Expenses 250,000 Dividends 20,000 11. $ 12. $ 13. $ 14, $ Calculate net income. Calculate stockholders' equity at the end of the period. Calculate ending retained earnings: Calculate beginning retained earnings: Type of Activity 0,1,F