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

2019 revenues were $87,500.

2019 net income was $35,200.

Dividends declared and paid during 2019 totaled $7,000.

Total assets at December 31, 2019 were $230,000.

Total stockholders' equity at December 31, 2019 was $144,000.

Retained earnings at December 31, 2019 were $92,000.

Which of the following is not correct?

Multiple Choice

A)2019 expenses were $52,300.

B)Retained earnings increased $35,200 during 2019.

C)Common stock at December 31, 2019 was $52,000.

D)Total liabilities at December 31, 2019 were $86,000.