Wetzel company has the following accounts and balances at the end of the fiscal year:

longminus−term

notes payable
$155,000

accounts receivable

$30,000

accounts payable

$$42,000

building

$55,000

cash and cash equivalents

$74,000

salaries expense

$20,500

common stock

$ 24 comma 000$24,000

interest payable

$1,500

land

$44,000

shortminus−term

investments
$30,000

income taxes payable

$13,000

equipment

$59,500

supplies

$29,000

service revenue

$99,000

supplies expense

$38,000

utilities expense

$28,500

income tax expense

$ 20 comma 000$20,000

what is the total amount of liabilities at the end of theyear?

a.

$220,000

b.

$211,500

c.

$106,500

d.

$56,500

1. list five staple convenience goods that you or your household buys on a regular basis. (you do not need to use complete sentences. 2.5 points) 2. list three impulse convenience goods that you or someone you know has purchased. (you do not need to use complete sentences. 2.5 points) 3. describe a shopping good that you or someone you know purchased. what kind of research did you or that person do before buying the product? (1-5 sentences. 3.0 points) 4. choose an example of a company you could start, and decide which business structure would make the most sense for that type of company (sole proprietorship, partnership, llc, c corporation, s corporation, or nonprofit corporation). explain why this structure would be good for this type of company. give at least 3 reasons. (3-6 sentences. 6.0 points) 5. if you were starting a new business, describe at least three departments to the company that you would need right away. why are these departments so important? (1-5 sentences. 3.0 points) 6. describe a product that you think has saturated its market. what makes you think it has saturated its market? (1-5 sentences. 3.0 points)