4. Assuming that Reader Direct generates net income of $5,500 and pays dividends of $2,500 in 2018, what would be the ending Retained Earnings balance at December 31, 2018? 1. Complete the following balance sheet at December 31, 2017 READER DIRECT Balance Sheet At December 31, 2017 Liabilities Assets Cash Accounts Receivable Equipment Accounts Payable Notes Payable Total Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity 0 Total Liabilities and Stockholders' Equity 10,400 10,400 $ 10,400 Total Assets $