Question: Sugar Industries has provided the following data for its 2 0 2 2 operations ( ignore income taxes ) : 2 0 2 2 revenues

Sugar Industries has provided the following data for its 2022 operations (ignore income taxes):
2022 revenues were $148,700.
2022 expenses were $72,100.
Dividends declared and paid during 2022 totaled $14,350.
Total assets at December 31,2022 were $267,500.
Total liabilities at December 31,2022 were $137,500.
Common stock at December 31,2022 was $44,000.
Which of the following is correct?
Group of answer choices
2022 net income was $62,250.
Total stockholders' equity at December 31,2022 was $353,800.
Retained earnings at December 31,2022 were $86,000.
Retained earnings at December 31,2022 were $62,250.

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