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3. At the beginning of the year, Sweet Sports, Inc. reported $16,000 of common stock and $12,000 of retained earnings. During the year, expenses amounted
3. At the beginning of the year, Sweet Sports, Inc. reported $16,000 of common stock and $12,000 of retained earnings. During the year, expenses amounted to $56,000. Dividends paid during the year amounted to $4,000. At the end of the year, Sweet Sports, Inc. reported $17,000 of common stock and $35,000 of retained earnings. How much revenue did the company report for the year? a. $27,000 b. $28,000 c. $83,000 d. $84,000
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