Lorenta Company has provided the following data (ignore income taxes):

2019 revenues were $94,900.

2019 expenses were $49,400.

Dividends declared and paid during 2019 totaled $8,500.

Total assets at December 31, 2019 were $193,000.

Total liabilities at December 31, 2019 were $121,000.

Common stock at December 31, 2019 was $35,000.

Which of the following is not correct?

Multiple Choice

• 2019 net income was $45,500.

• Total stockholders' equity at December 31, 2019 was $72,000.

• Retained earnings on December 31, 2019 were $193,000.

• Total liabilities and stockholders' equity at December 31, 2019 was $193,000.