From the information provided, determine: 1.) The amount of retained earnings at December 31 and 2.) The amount of revenues for the period. Additional data:1.)Expenses for the period were $55,000; 2.) Dividends paid were $9,000; and 3.) Capital stock increased by $20,000 during the period.

TOTALS JANUARY - DECEMBER 31

Current assets $15,000 - $25,000

All other assets 240,000 - 220,000

Liabilities 125,000 - 85,000

Capital stock 70,000 - ?

Retained earnings 60,000 - ?