The following partial balance sheet was prepared for Make Space, Inc., a professional organizing company: Make Space, Inc. Balance Sheet December 31, 2021 Total Assets Total Liabilities Stockholders' Equity Common Stock $19,500 $9,000 Retained Earnings Total Stockholders' Equity ? ? On January 1, 2021, the company's retained earnings was $8,000. During 2021, the company reported net income of $3,000 and paid dividends of $1,000 to its shareholders. Which of the following statements is incorrect? The company's net income for 2021 would have been calculated by subtracting total expenses from total revenue. O Cash would have been included in the company's Total Assets. The company's total stockholders' equity as of 12.31.21 was $9,500. The company's retained earnings as of 12.31.21 was $10,000. The company's common stock as of 12.31.21 was $500