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Madrid Company has provided the following data (ignore income taxes): 2019 revenues were $99,500. 2019 net income was $36,400. Dividends declared and paid during 2019

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Madrid Company has provided the following data (ignore income taxes): 2019 revenues were $99,500. 2019 net income was $36,400. Dividends declared and paid during 2019 totaled $8,200. Total assets at December 31, 2019 were $242,000. Total stockholders' equity at December 31, 2019 was $168,000. Retained earnings at December 31, 2019 were $59,000. Which of the following is correct? O Total liabilities at December 31, 2019 were $15,000. 17:00 ad k Common stock at December 31, 2019 was $227,000. O Retained earnings increased $28,200 during 2019 O) 2019 expenses were $54,900

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