Assets increased by $100,000 during the year. Liabilities increased by $30,000 during the year. Dividends for the year were S50,000. Expenses for the year were $200,000. Capital contributions during the year were S25,000 Compute REVENUES for the year. Note: There are two types of equity: (I) Capital contributions (also called capital stock or paid-in capital) and (2) retained earnings. Capital contributions are amounts invested directly by the owners. Retained earnings represents the amount of assets created by profitable operations and kept within the business. Retained earnings are increased each year by net income and decreased each year by dividends paid to the owners. $320,000 $220,000 O $295,000 $270,000