Home Solutions Home Solutions began operations on January 2, 2008, with an investment of $50,000 by each of its two stockholders. Net income for its first year of business was $240,000. Home Solutions paid a total of $100,000 in dividends to its stockholders during the year. 17. Refer to the Home Solutions. How much is ending retained earnings at December 31, 2008? a. $140,000 b. $190,000 c. $240,000 d. $340,000 18. Refer to the Home Solutions. Home Solutions' revenues were $500,000 for the year ended December 31, 2008. How much were total expenses? a. $160,000 b. $260,000 c. $640,000 d. $740,000