28. Quentin's 2014 net income was $5,000. No dividends were declared or paid during 2014. What was Quentin's retained earnings balance on December 31, 2013? $39,000 $49,000 $34,000 Cannot be estimated to unanswered question: Quentin Company Balance Sheet as of December 31,2014 Assets Liabilities Current Assets Current Liabilities Cash. Inventory. $42,000 30,000 Accounts payable. Prepaid expense. 12,000 Total current assets $90,000 Non-current Assets Plant and equipment (net). Patent (net). Total Assets 50,000 Short-term debt.. Total current liabilities. Non-current Liabilities Bond payable.. Owners' Equity 24,000 Common stock. $170,000 Retained earnings. Total Liabilities and Owners' Equity $30,000 42.000 $72,000 34,000 20,000 44,000 S 170,000 Question 28/40 submit