Revenue was $500,000 in 2017 and $500,000 in 2018. Expenses grew by $35,000 from 2017 to 2018. Net income in 2018 was $155,000. What was net income in 2017? F. Company's balance sheet reported assets of $46,000, liabilities of $15,000 and common stock of $12,000 as of December 31, Year 3. If revenues for year 4 are $26,000, expenses are $17,000, and dividends are $2000, then what is the amount of retained earnings at the end of year 4? E. Company sold inventory on April 20 to a customer for $21,000 cash. This April 20 entry increased retained earnings by a total of $11,000. It must be true that: O none of the other 3 answers is correct O cost of goods sold was $21,000 O the inventory originally cost $11,000 cost of goods sold was $11,000