Determine the amount of producer surplus generated in each of the following situations. a. gordon lists his old lionel electric trains on ebay. he sets a minimum acceptable price, known as his reserve price, of $75. after five days of bidding, the final high bid is exactly $75. he accepts the bid. $ b. so-hee advertises her car for sale in the used-car section of the student newspaper for $2,000, but she is willing to sell the car for any price higher than $1,500. the best offer she gets is $1,200, which she declines. $ c. sanjay likes his job so much that he would be willing to do it for free. however, his annual salary is $80,000.

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e.g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)