Madrid Company has provided the following data (ignore income taxes): 2018 revenues were $77,500. 2018 net income was $33,900. Dividends declared and paid during 2018 totaled $5,700. Total assets at December 31, 2018 were $217,000. Total stockholders' equity at December 31, 2018 was $123,000. Retained earnings at December 31, 2018 were $83,000. Which of the following is correct? A) Total liabilities at December 31, 2018 were $11,000. B) Common stock at December 31, 2018 was $206,000. C) Retained earnings increased $28,200 during 2018.
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Madrid Company has provided the following data (ignore income taxes): 2018 revenues were $77,500. 20...
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