The year-end financial statements of Calloway Company contained the following elements and corresponding amounts: Assets = $21,000; Liabilities = ?; Common Stock = $5,100; Revenue = $10,500; Dividends = $1200; Beginning Retained Earnings = $4,200; Ending Retained Earnings = $6,200. Based on this information, the amount of expenses on Calloway's income statement was ___

Group of answer choices

$7,100.

$5,300.

$1,500.

$7,300.