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Business, 21.01.2020 01:31 trinity0929

Lena company has provided the following data (gnore income taxes); 2016 revenues were $77,000. 2016 expenses were $48,600. dividends declared and paid during 2016 totaled $7,700. total assets at december 31, 2016 were $185,000. total liabilities at december 31, 2016 were $105,000. common stock at december 31, 2016 was $27,000. which of the following is correct? a. 2016 net income was $20,700 b. retained earnings at december 31, 2016 were $20.700. c. total stockholders' equity at december 31, 2016 was $244.000. d. retained earnings at december 31, 2016 were $53,000.

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