Which of the following are characteristics of a perpetuity? check all that apply. a perpetuity continues for a fixed time period. in a perpetuity, returns—in the form of a series of identical cash flows—are earned. the present value of a perpetuity is calculated by dividing the amount of the payment by the investor’s opportunity interest rate. a perpetuity is a series of regularly timed, equal cash flows that is assumed to continue indefinitely into the future.

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.)