The year-end financial statements of Calloway Company contained the following elements and corresponding amounts: Assets = $33,000; Liabilities = ?; Common Stock = $6,300; Revenue = $13,600; Dividends = $1,400; Beginning Retained Earnings = $4,400; Ending Retained Earnings = $8,300.Based on this information, the amount of expenses on Calloway's income statement was
A) $8,300.
B) $500.
C) $10,700.
D) $3,900.

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The Answer of The year-end financial statements of Calloway Company contained the following elements and corresponding amounts: Assets = $33,000; Liabilities = ?; Common Stock = $6,300; Revenue = $13,600; Dividends = $1,400; Beginning Retained Earnings = $4,400; Ending Retained Earnings = $8,300.Based on this information, the amount of expenses on Calloway's income statement was
A) $8,300.
B) $500.
C) $10,700.
D) $3,900.

The Year-End Financial Statements of Calloway Company Contained the Following