4. Madrid Company has provided the following data (ignore income taxes): 2014 revenues were $77,500. 2014 net income was $33,900. Dividends declared and paid during 2014 totaled $5,700. Total assets at December 31, 2014 were $217,000. Total stockholders' equity at December 31, 2014 was $123,000. Retained earnings at December 31, 2014 were $83,000. Which of the following is not correct? A. 2014 expenses were $43,600. B. Total liabilities at December 31, 2014 were $94,000. C. Retained earnings increased $33,900 during 2014 . D. Common stock at December 31, 2014 was $40,000. 4. Madrid Company has provided the following data (ignore income taxes): 2014 revenues were $77,500. 2014 net income was $33,900. Dividends declared and paid during 2014 totaled $5,700. Total assets at December 31, 2014 were $217,000. Total stockholders' equity at December 31, 2014 was $123,000. Retained earnings at December 31, 2014 were $83,000. Which of the following is not correct? A. 2014 expenses were $43,600. B. Total liabilities at December 31, 2014 were $94,000. C. Retained earnings increased $33,900 during 2014 . D. Common stock at December 31, 2014 was $40,000