10 points Ext Submit The financial statements for Campbell, Inc., and Newton Company for the year ended December 31, 2021, prior to the business combination whereby Campbell acquired Newton, are as follows (in thousands): Revenues Expenses Net income Retained earnings, 1/1 Net income Dividends Retained earning, 12/31 Cash Receivables and inventory Buildings (net) Equipment (net) Total assets Campbell $2,600 1,880 Newton $ 700 400 $ 720 $ 300 (270) $2,850 $ 240 $2,400 720 $ 500 300 0 $ 800 $ 230 1,200 360 2,700 650 2,100 1,300 $6,240 $2,540 Liabilities $1,500 $ 720 Common stock Additional paid-in capital Retained earnings 1,080 810 2,850 400 620 800 Total liabilities & stockholders' equity $6,240 $2,540 On December 31, 2021, Campbell obtained a loan for $650 and used the proceeds, along with the transfer of 35 shares of its $10 par value common stock, in exchange for all of Newton's common stock. At the time of the transaction, Campbell's common stock had a fair value of $40 per share In connection with the business combination, Campbell paid $25 to a broker for arranging the transaction and $30 in stock issuance costs. At the time of the transaction, Newton's equipment was actually worth $1,450 but its buildings were only valued at $590. 9 In connection with the business combination, Campbell paid $25 to a broker for arranging the transaction and $30 in stock issuance costs. At the time of the transaction, Newton's equipment was actually worth $1,450 but its buildings were only valued at $590. Compute the consolidated expenses for 2021 Multiple Choice O $1,905 $1,890 $2.280 $2.335 $2.305