answer for this with full explanation

Red Corp. reported the following amounts at the end of its first year of operations, December 31,2022 : Shareholders' equity on December 31, 2022 and total expenses for the year ending December 31, 2022 would be a) Shareholders' equity $290,000 and expenses $120,000 b) Shareholders' equity $360,000 and expenses $230,000 c) Shareholders' equity $290,000 and expenses $130,000 d) Shareholders' equity $360,000 and expenses $130,000 e) Shareholders' equity $230,000 and expenses $120,000