Atlantic Corporation reported the following amounts at the end of the first year of operations: common stock $150,000; sales revenue $820,000; total assets $620,000; dividends declared $53,000; and topi liabilities $385,000. What are Atlanncs' retained earnings at the end of the year and what amount of expenses were incurred during the year? Retained earnings are $235,000 and expenses incurred totaled $585,000. Retained earnings are $85,000 and expenses incurred totaled $735,000. Retained earnings are $235,000 and expenses incurred totaled $385,000. Retained earnings are $85,000 and expenses incurred totaled $682