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Madrid Company has provided the following data (ignore income taxes): 2019 revenues were $98,500. 2019 net income was $36,300. Dividends declared and paid during 2019

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Madrid Company has provided the following data (ignore income taxes): 2019 revenues were $98,500. 2019 net income was $36,300. Dividends declared and paid during 2019 totaled $8,100. Total assets at December 31, 2019 were $241,000. Total stockholders' equity at December 31, 2019 was $166,000. Retained earnings at December 31, 2019 were $58,000. 1:58:59 Which of the following is correct? Multiple Choice 2019 expenses were $54,100. Total liabilities at December 31, 2019 were $17,000. Multiple Choice 2019 expenses were $54,100. Total liabilities at December 31, 2019 were $17,000. Common stock at December 31, 2019 was $224,000. Retained earnings increased $28,200 during 2019

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