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2020 revenues were $72,000. 2020 expenses were $35,800. Dividends declared and paid during 2020 totaled $6,700. Total assets at December 31, 2020 were $146,000. Total

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2020 revenues were $72,000. 2020 expenses were $35,800. Dividends declared and paid during 2020 totaled $6,700. Total assets at December 31, 2020 were $146,000. Total liabilities at December 31, 2020 were $88,000. Common stock at December 31, 2020 was $24,000. Which of the following is not correct? Retained earnings on December 31, 2020 were $71.400. 2020 net income was $36,200. o Total liabilities and stockholders' equity at December 31, 2020 was $146,000. Total stockholders' equity at December 31, 2020 was $58,000

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