Business, 05.02.2021 21:30 hardwick744

Lena Company has provided the following data for its 2019 operations (ignore income taxes): 2019 revenues were $99,000.
2019 expenses were $47,800.
Dividends declared and paid during 2019 totaled $9,500.
Total assets at December 31, 2019 were $177,000.
Total liabilities at December 31, 2019 were $89,000.
Common stock at December 31, 2019 was $28,000.

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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Lena Company has provided the following data for its 2019 operations (ignore income taxes): 2019 re...

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