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

Multiple Choice

The year-end financial statements of Greenway Company contained the following elements and corresponding amounts: Assets = $20,000; Liabilities = ?; Common Stock = $5,000; Revenue = $11,000; Dividends = $750; Beginning Retained Earnings = $3,750; Ending Retained Earnings = $7,000.
Based on this information, the amount of expenses on Greenway's income statement was

A) $7,000.
B) $7,750.
C) $14,000.
D) $3,250.