We are analyzing Yoga Plus Inc thathas published the following data at the end of 2020 (ignore income taxes):

2020 revenues were $78,000.

2020 expenses were $48,700.

Dividends declared and paid during 2020 totaled $7,800.

Total assets at December 31, 2020 were $186,000.

Total liabilities at December 31, 2020 were $107,000.

Common stock at December 31, 2020 was $28,000.

Which of the following is not correct?

1. Total stockholders' equity at December 31, 2020 was $79,000.

2. The 2020 net income was $29,300.

3. Total liabilities and stockholders' equity at December 31, 2020 was $186,000.

4. Retained earnings on December 31, 2020 were $21,500.