Lena Company has provided the following data for its 2019 operations (ignore income taxes):
2019 revenues were $87,000.
2019 expenses were $49,600.
Dividends declared and paid during 2019 totaled $8,700.
Total assets at December 31, 2019 were $195,000.
Total liabilities at December 31, 2019 were $125,000.
Common stock at December 31, 2019 was $37,000.
Which of the following is correct?
A) 2014 net income was $41,700.
B) Total stockholders' equity at December 31, 2014, was $236,000.
C) Retained earnings at December 31, 2014, were $60,000.
D) Retained earnings at December 31, 2014, were $41,700.
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Home » Business » Lena Company has provided the following data for its 2019 operations (ignore income taxes): 2019 revenues were $87,000. 2019 expenses were $49,600. Dividends declared and paid during 2019 totaled $8,700.