The financial statements of Calloway Company prepared at the end of the current year contained the following elements and corresponding amounts: Assets = $21,000; Liabilities = ?; Common Stock = Dividends = $800; Beginning Retained Earnings = $3,800; Ending Retained Earnings = $7,100. Based on this information, what was the amount of expenses reported on Calloway's income statement for the current year? Multiple Choice $14,200 $7,900 $7,100 $3,300 = $5,100; Revenue = $11,200;