Skysong, Inc. compiled the following financial information as of December 31, 2017: Service revenue $826,000 Common stock 195,000 Equipment 253,000 Operating expenses 727,000 Cash Dividends 223,000 56,000 Supplies 30,000 Accounts payable 104,000 Accounts receivable 93,000 Retained earnings, 1/1/17 441,000 Skysong assets on December 31, 2017 are: Barker Company's records show the following for the month of January: Total Retained Earnings at January 1 $600,000 Total Retained Earnings at January 31 900,000 Total Revenues 1,100,000 Which of the following is true? If Dividends paid were $175,000, then Expenses must have been $625,000 If Dividends paid were $175,000, then Expenses must have been $700,000 If Dividends paid were $100,000, then Expenses must have been $570,000 If Dividends paid were $100,000, then Expenses must have been $800,000