Thermopolit Corporation reported the following amounts at the end of the first year of operatione common stock $200.000 sales revenue $900.000 total assets $500,000, dividends declared but not yet paid $50.000; and total abilities $200,000. What is Thermopolis's retained earnings at the end of the year and what amount of expenses were incurred during the year? Betained earnings are $400.000 and expenses incurred Potated $700.000 Retained earnings are $300.000 and expenses incurred totale $550.000 Rotaired earnings $300.000 und Expenses incurred to 3.400.000 Retained earnings are $100.000 and expenses incurred totid 5750.000 Retond carings are $100.000 and expenses incurred totale 500.000