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Novak Corp. compiled the following financial information as of December 31, 2017: Service revenue--1135000 Common stock--245000 Equipment--324000 Operating expenses--942000 Cash--280000 Dividends--78000 Supplies--35000 Accounts payable--159000 Accounts

Novak Corp. compiled the following financial information as of December 31, 2017:

Service revenue--1135000

Common stock--245000

Equipment--324000

Operating expenses--942000

Cash--280000

Dividends--78000

Supplies--35000

Accounts payable--159000

Accounts receivable--117500

Retained earnings, 1/1/17--614000

Novak retained earnings on December 31, 2017 are: a) $807000. b) $729000. c) $694000. d)$ 35000.

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