The financial statements of Calloway Company prepared at the end of the current year contained the following elements and corresponding amounts: Assets = $34,000; Liabilities = ?; Common Stock = $6,400; Revenue = $13,800; Dividends = $1,450; Beginning Retained Earnings = $4,450; Ending Retained Earnings = $8,400. Based on this information, what was the amount of expenses reported on Calloway's income statement for the current year? Multiple Choice $9,850 $16,800 O O $3,950 $8,400