1- Below is a partial list of account balances: Cash $12,000Prepaid rend $ 1,300Accound Receivable $7,000Account Payable $5,000Notes Payable $9,000Common Stock $22,000Dividends $2,000Revenues $45,000Expenses $35,000 What is the total debits? 2- equipment was purchased for $85,000 freight charges amounted to $2,550 and there was a cost of $10,000 for building a foundation and istalling the equipment. It is estimated that the equipment will have a $5,000 salavage valueat the end of its 6 year useful life. Depreciation expense each year using the straight line method will be? 3- when the market rate of interest is equal to the states rate of interest on the bond, the bond will require: -A debit to discount on bonds payable-a credit to discount on bonds payable-A credit to Bonds Payable A Debit to bonds payable 4- which of the following is typically analyzed via financial statement ratio analysis?-the design of a new product-The internal control failure rate The leverage of the firm-The effectiveness of a marketing campaign