A company had the following revenues, expenses and dividends in its first three years of operations: Year 1 Year 2 Year 3 Revenues $12,000 $30,000 Expenses Dividends $7,500 $1,000 $20,000 $14,000 $2,000 $21,500 $3,000 What is the balance in Retained Earnings at the end of the first year? A company had the following revenues, expenses and dividends in its first three years of operations: Revenues Year 1 Year 2 Year 3 $12,000 $20,000 $30,000 $7,500 $14,000 $21,500 $1,000 $2,000 $3,000 Expenses Dividends What is the balance in Retained Earnings at the end of the third year