Please carefully read numbers 3 and 4. please state the correct letter answer for numbers 3 and 4. please show your work.

3. Rachal Company has provided the following data (ignore income taxes): 2018 revenues were $77,500. 2018 net income was $33,900. Dividends declared and paid during 2018 totaled $5,700. Total assets on December 31, 2018 were $217,000. Total stockholders' equity on December 31, 2018 was $123,000. Retained earnings on December 31, 2018 were $83,000. Which of the following is correct? A. 2018 expenses were $37,900. B. Total liabilities on December 31, 2018 were $11,000. C. Retained earnings increased $28,200 during 2018. D. Contributed capital on December 31, 2018 was $206,000. 4. Mosely Corporation reported the following amounts at the end of the first year of operations: contributed capital $200,000; sales revenue $800,000; total assets $600,000; dividends declared $40,000, and total liabilities $320,000. What are Mosely's retained earnings at the end of the year and how much expenses were incurred during the year? A. Retained earnings are $80,000 and expenses incurred totaled $680,000. B. Retained earnings are $80,000 and expenses incurred totaled $720,000. C. Retained earnings are $280,000 and expenses incurred totaled $480,000. D. Retained earnings are $280,000 and expenses incurred totaled $520,000. 13