Madrid Company has provided the following data (ignore income taxes): 2014 revenues were $77,500. 2014 net income was $33,900. Dividends declared and paid during 2014 totaled $5,700. Total assets at December 31, 2014 were $217,000. Total stockholders' equity at December 31, 2014 was $123,000. Retained earnings at December 31, 2014 were $83,000. Which of the following is not correct?

2014 expenses were $43,600.

Total liabilities at December 31, 2014 were $94,000.

Retained earnings increased $33,900 during 2014.

Common stock at December 31, 2014 was $40,000.