The variety of supply curves The following graph displays four supply curves (HH, II, JJ, and KK) that intersect at point A. 0 40 80 120 160 200 240 280 320 360 400 400 360 320 280 240 200 160 120 80 40 0 PRICE (Dollars per unit) QUANTITY (Units) A B C D E H H J J K K I I Using the graph, complete the table that follows by indicating whether each statement is true or false. Statement True False Between points A and E, curve HH is unit elastic. Curve KK is less elastic between points A and C than curve JJ is between points A and D. Between points A and D, curve JJ is elastic.

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e. g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)