Question: On January 1 , 2 0 2 0 Read Inc. had assets of $ 5 0 0 , 0 0 0 and Liabilities of $

On January 1,2020 Read Inc. had assets of $500,000 and Liabilities of $300,000. During the year, Read Inc. declared $25,000 in dividends and its ending Equity on December 31,2020 was $320,000. There was no change in Read Inc.s common shares for 2020. If Read Inc.s expenses were $45,000, what was their revenues for 2020?

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