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4 For the year, Beta had beginning total liabilities of $25,000 and ending total liabilities of S15,000. During the year, total assets increased S30,000. The beginning balance in stockholders' equity was $40,000. In addition, common stock of S10,000 was sold at par value, and dividends of $5,000 were declared and paid. How much was Beta's net income for the year. HINT: Use changes in the accounting equation to solve this problem. A. $5,000 B. $10,000 C. S15,000 D. $20,000 E. None of the above 6. the vrar which of the following best explains the adjustment 9. Alpha pays rent on numerous offices located throughour the city each year. Alpha pays rents in advance in some cases, and in others, rents are paid when due. The following information is included in Alpha's December 31 balance sheets for 2017 and 2018: Prepaid Rents Rent Payable 2017 $15,000 S25,000 2018 S35,000 $20,000 During 2018, Alpha paid total cash of $80,000 in rentals, In its income statement for the year ended December 31,2018, how rent expense should Alpha report on an accrual basis? $55,000 B. $65,000 C. $95,000 D. S105,000 E. None of the above Frnense for $1.200 and a credit to Cash for $1.200, During the VI. Use an uppercase letter to place your answer on the answer sheet. 6 points eachl 1. Using the following information, find Alpha's gross profit (margin). Beginning inventory.... Purchases . Purchase discounts... . .600 120 A. $1,000 B. $1,100 C. $1,200 D. $1,300 E. None of the above

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