A summary of selected ledger accounts appears below for Solomon’s Electrical Services for the current calendar year-end. Common Stock 12/31 8,500 1/1 90,000 12/31 30,000 Retained Earnings 12/31 5,000 1/1 62,000 12/31 18,000 Dividends 3/31 2,500 12/31 5,000 9/30 2,500 The $18,000 debit to Retained Earnings on December 31 must represent a. net income b. net loss c. sales of common stock d. dividends paid

Three years ago, the city of recker committed to build a park and music venue by the river. it was expected to cost $2.5 million and be paid for from an additional meals tax in the community. the residents pushed back. local restaurants suffered as people ate out less or patronized restaurants in neighboring communities. the project has stalled, but the town council kept pushing it on. this spring, a flood devastated the venue. the town council appears to have suffered from bias