During its first year of operations, the owner of roseland company personally invested $25,000 in the corporation in exchange for common stock and paid dividends of $5,000. the company earned $68,000 of revenues and incurred $32,000 of expenses. at the end of the year, the company owed $24,000 to its creditors. at the end of the year, the company's assets totaled:

Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.