Yes No No Yes 6. (5 Points) Presented below are data for Caracas Corp. 2018 Assets, January 1 Liabilities, January 1 Stockholders' Equity, Jan. 1 Dividends Common Stock Stockholders' Equity, Dec. 31 Net Income $6,840 ? $4,104 $4,125 969 975 855 975 3,399 1,026 Net income for 2018 is a. $726 income b. $726 loss. c. $243 loss. d. $243 income. 7. (5 Points) For the year ended December 31, 2017, Transformers Inc. reported the followi Net income Preferred dividends declared Common dividend declared Unrealized holding loss, net of tax Retained earnings Common stock Accumulated Other Comprehensive Income (AOCI), $300,000 50,000 10,000 5,000 400,000 200,000 Beginning Balance What would Transformers report as its ending balance of Accumulated Other omprehensive Income (AOCI)? a. $30,000 b. $25,000 c. $20,000 d. $5,000 (4 Points) Balance sheet information is useful for all of the following except a. assessing a company's risk b. evaluating a company's liquidity c. evaluating a company's financial flexibility D determining free cash flows