1 The accountant for Travis Corporation prepared the following list of account balances from the company's records for the year ended December 31, 2012: Sales revenue $165,000 Cash $ 30,000 Accounts receivable 14,000 Selling expenses 44,000 Equipment 42,000 Common stock 41,000 Accounts payable 12,000 Interest income 3,000 Salaries and wages expense 40,000 Cost of sales 51,000 Inventories 22,000 Prepaid expenses 2,000 Income taxes payable 5,000 Income taxes expense 18,000 Notes payable 20,000 Retained earnings ? 2. Read the information for Travis Corporation. Determine the following amounts for Travis Corporation. A) The balance of retained earnings at the end of 2012. B) The total stockholders' equity at the end of 2012. C) Name the two events that might cause stockholders' equity to increase