If a firm offers a written warranty, it 1. shouldn't be "deceptive" or "unfair" per ftc guidelines. 2. may create a new strategy. 3. all of the above are true. 4. must be labeled either "full" or "limited." 5. must be available to buyers before the sale.

Stosch company's balance sheet reported assets of $112,000, liabilities of $29,000 and common stock of $26,000 as of december 31, year 1. if retained earnings on the balance sheet as of december 31, year 2, amount to $74,000 and stosch paid a $28,000 dividend during year 2, then the amount of net income for year 2 was which of the following? a)$23,000 b) $35,000 c) $12,000 d)$42,000