Lena Company has provided the following data for its 2019 operations (ignore income taxes):

2019 revenues were $83,000.

2019 expenses were $49,200.

Dividends declared and paid during 2019 totaled $8,300.

Total assets at December 31, 2019 were $191,000.

Total liabilities at December 31, 2019 were $117,000.

Common stock at December 31, 2019 was $33,000.

Which of the following is correct?

Multiple Choice

• 2019 net income was $25,500. (A)

• Total stockholders' equity at December 31, 2019 was $250,000. (B)

• Retained earnings at December 31, 2019 were $41,000. (C)

• Retained earnings at December 31, 2019 were $25,500 (D)