River Rockets Inc. has provided the following data (ignore income taxes): 2020 revenues were $95,000. 2020 expenses were $47,800. Dividends declared and paid during 2020 totaled $9,500. Total assets at December 31, 2020 were $175,000. Total liabilities at December 31, 2020 were $99,000. Common stock at December 31, 2020 was $26,000. Which of the following is correct? Retained earnings at December 31, 2020 were $50,000. Total stockholders' equity at December 31, 2020 was $274,000. Retained earnings at December 31, 2020 were $37,700. 2020 net income was $37,700