Star Consultants had the following balance shect amounts at the beginning of 2012 : Total Assets Common Stock Retained Earnings $400,000 50,000 100,000 During the year, total assets increased by $120,000 and total liabilities increased by $40,000. Owners invested an additional $20,000 in exchange for common stock and the company paid out $30,000 in dividends. No other transactions occurred except revenues, which totaled $220,000 for the year, and expenses. Retained Earnings on December 31,2012 is: $170,000 $200,000 $140,000 $190,000 $160,000