Maggie bought 20 shares of Google at the close price of $472.68. She bought 20 more shares a year later at the price of $491.32. Two years later, she sold
all of her shares at the price of $512.25. Her broker charges $50 for each
transaction. After all of these transactions, how much money did Maggie
make?
A. $1,160.00
B. $318.60
C. $1,060.00
D. $20,440.00

Powell company began the 2018 accounting period with $40,000 cash, $86,000 inventory, $60,000 common stock, and $66,000 retained earnings. during 2018, powell experienced the following events: sold merchandise costing $58,000 for $99,500 on account to prentise furniture store. delivered the goods to prentise under terms fob destination. freight costs were $900 cash. received returned goods from prentise. the goods cost powell $4,000 and were sold to prentise for $5,900. granted prentise a $3,000 allowance for damaged goods that prentise agreed to keep. collected partial payment of $81,000 cash from accounts receivable. required record the events in a statements model shown below. prepare an income statement, a balance sheet, and a statement of cash flows. why would prentise agree to keep the damaged goods?