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10 Haren Energies had the following events during wear t The business red $35,000 of common stock to its stockholders The busness purchased sand Nor

10 Haren Energies had the following events during wear t The business red $35,000 of common stock to its stockholders The busness purchased sand Nor $27000 cash Services were provided to customers for $31,000 cash. Services were provided to customers for $20,000 on account The company borrowed $31000 from the bank. Operating expenses of $27,000 were incurred and paid in cash Salary expense of $2,300 was accrued A dividend of $19.000 was paid to the stockholders of Warren Enterprises. Assuming the company began operations during Year t, What is the amount of retained earnings as of December 31, Year 1? Mutiple Choice $51,000 $2.700 $36,700

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