WOy Construction Company has the following account balances reported on its financial statements on December 31, 2019. In addition, the company did not issue any common stock during 2019. All accounts on financial statements have been adjusted and reported Equipment (net) $550 Deferred revenue 125 Salaries expense 60 Depreciation for the year 70 Common stock 60 Supplies 100 Notes payable 180 Service revenue 375 Cash Dividend paid during the year 25 Retained earnings 2 90 Required: Please choose the best answer for the following three questions based on the above information What is the net income reported in 2019? $180 $245 $220 O $290 What is the balance of total assets on December 31, 2019? $740 $805 Required: Please choose the best answer for the following three questions based on the above information What is the net income reported in 2019? O $180 O $245 O $220 O $290 What is the balance of total assets on December 31, 2019? $740 O $805 $670 $865 What is the balance of retained earnings on December 31, 2019 $565 $650 $330 $375