1. During 2004 Carlitas competitor Farside had double the sales of Carlita but i

1. During 2004 Carlitas competitor Farside had double the sales of Carlita but it also earned a gross margin of $30000. Farsides 2004 gross margin percentage was: 25% 50% 12.5% Insufficient information; cannot be calculated2. Carlita began 2004 with a retained earnings account balance of $132000. During 2004 it declared and paid dividends of $5000. Its December 31 2004 retained earnings account balance is: $132000 $120000 $139000 Cannot be calculated3. Carlitas 2004 return on sales percentage is: 25% 16.67% 15% 10%4. Carlita began 2004 with an interest payable account balance of $13000. During 2004 it paid $5000 in interest to its lenders. On December 31 2004 its interest payable account balance is: $15000 $10000 $13000 Cannot be calculated