TOTALS Assets Liabilities Common stock Retained earnings January 1, 2021 December 31, 2021 $1,250,000 528,000 450,000 100,000 Additional data: Total revenues and expenses for the year were $5,000,000 and $ 4,800,000, respectively; dividends paid during the year were $ 172,000, and common stock issued was $ 150,000. Required: Calculate total liabilities as of December 31, 2021. Calculate net income for 2021. Calculate the retained earnings as of January 1, 2021. Calculate total assets as of January 1, 2021