Use the following information to prepare a classified balance sheet for alpha co. at the end of year 1. accounts receivable $ 41,960 accounts payable 9,745 cash 14,480 common stock 45,000 land 29,450 long-term notes payable 24,550 merchandise inventory 31,450 retained earnings 38,045

Martha entered into a contract with terry, an art dealer. according to the contract, terry was to supply 18 th century artifacts to martha for the play she was directing, and martha was ready to pay $50,000 for this. another director needed the same artifacts and was ready to pay $60,000. terry decided not to sell the artifacts to martha. in this case, the court may order terry to: