Accounting I2) During the first year of operations, BOOTIE LLC. Earned a net income totaling$30,400 and paid ordinary dividends of $12,200. In year 2, they reported net income of$34,400, paid ordinary dividends of $5,200 and paid preference dividends of $10,000.At the end of year 1, the BOOTIE LLC. had total assets of $154,000. At the end of year 2,the BOOTIE LLC. had total assets of $244,000. What is the amount of retained earningsat the end of year 2?$37,400$134, 150O $124, 150$29,200