Question 20 (5 points) Charlie's Cookies has provided the following data (ignore income taxes): 2019 revenues were $200,000. 2019 expenses were $160,000. Dividends declared and paid during 2019 totaled $5,000. Total assets at December 31, 2019 were $500,000. Total liabilities at December 31, 2019 were $300,000. Contributed Capital at December 31, 2019 was $100,000. Retained earnings at December 31, 2019 was ???. Based on the information provided which of the following is false? i. Net Book Value increased by $40,000 during 2019. ii. Net income for 2019 was $40,000. iii. Retained earnings as of December 31, 2018 was $65,000. iv. Net Book Value as of December 31, 2019 is $200,000. i and in