Use the following information for Questions 1 to 5. For each…

Use the following information for Questions 1 to 5. For each transaction indicate the accounts impacted, the dollar amount, and if it was an increase or decrease.  (Each transaction must impact at least two accounts.  Transactions can impact more then two accounts.  Make sure to include all accounts!) Use the following format: (ACCOUNT NAME)  ($ AMOUNT)   (INCREASE/DECREASE) For Example: Bucky received $2,000 for the issuance of stock. Cash $2,000 Increase Common Stock $2,000 Increase    Bucky Badger sold $20,000 of goods to a customer for cash.  Bucky Badger had purchased the goods from a supplier for $5,000.  

Business Corporation has the following account balances:…

Business Corporation has the following account balances: Net Income (for the year ended 12/31/2024) $210,000 Cost of Goods Sold (for the year ended 12/31/2024 $140,000 Total Assets, 1/1/2024 750,000 Total Assets 12/31/2024 1,200,000 Total Liabilities 1/1/2024 400,000 Total Liabilities 12/31/2024 600,000 What was Business Corporation’s Return on Assets for the year ended December 31, 2024?  Round your answer to two decimal points!!