Business, 19.02.2020 02:50 hhh4775

Atlantic Corporation reported the following amounts at the end of the first year of operations: contributed capital $100,000; sales revenue $400,000; total assets $300,000; $20,000 dividends; and total liabilities $160,000. Retained earnings and total expenses would be: A) retained earnings $40,000 and expenses $340,000.B) retained earnings $60,000 and expenses $320,000.C) retained earnings $140,000 and expenses $240,000.D) retained earnings $160,000 and expenses $220,000.

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