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The year-end financial statements of Calloway Company contained the following elements and corresponding amounts: Assets = $36,000: Liabilities - ?; Common Stock = $6,600Revenue =

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The year-end financial statements of Calloway Company contained the following elements and corresponding amounts: Assets = $36,000: Liabilities - ?; Common Stock = $6,600Revenue = $14,200; Dividends - $1,550: Beginning Retained Earnings = $4.550: Ending Retained Earnings - $8,600. Based on this information, the amount of expenses on Calloway's income statement was Multiple Choice $17200 $4,050. $8600. $10.150

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