10 points Time Remaining 20 minutes 20 seconds00:20:20 eBookHintPrintReferencesCheck my workCheck My Work button is now enabled3Item 2 Time Remaining 20 minutes 20 seconds00:20:20 As of December 31, Year 1, Moss Company had total cash of $160,000, notes payable of $86,000, and common stock of $52,800. During Year 2, Moss earned $40,000 of cash revenue, paid $22,000 for cash expenses, and paid a $3,400 cash dividend to the stockholders. Required a. Determine the amount of retained earnings as of December 31, Year 1. b. & c. Create an accounting equation and record the beginning account balances, revenue, expense, and dividend events under the appropriate elements of the accounting equation. d. Complete the equality of the accounting