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19 For the year ended December 31, Year 2 For the year ended December 31, Year 1 Revenues $7,500 $500 Expenses $1,500 ? Net Income

19 For the year ended December 31, Year 2 For the year ended December 31, Year 1 Revenues $7,500 $500 Expenses $1,500 ? Net Income ? December 31, Year 2 December 31, Year 1 Assets $16,500 $1,090 Liabilities ? $500 Stock $300 $300 Retained Earnings 1.$ $200 Assume Year 1 is the company's first year of business and there were $100 dividends in Year 1 and $100 dividends in Year 2. After determining the missing amounts ($ ) in the above financial statements, calculate and type in the December 31, Year 2 Retained Earnings 1.$_

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