Alexis Company was started in Year $1.$ At the end of Year $1$ the Company had the following accounting equation.

$\backslash$table$[[$Assets$,$Liabilities,Stockho,Iders' Equity$],[$Cash $+$ Land $=,$Notes Payable,$+$ Common Stock,$+$ Retained Earnings$],[600+2,200=,\frac{?}{\text{b}\text{a}\text{r}}(1,000),1,400,400]]$

During Year $2,$ the company experienced the following accounting events.

Paid off $$500$ of its note payable

Earned $$700$ of cash revenue.

Paid $$400$ of cash expenses.

Paid a $$100$ cash dividend.

Based on this information alone, what percent of the company's assets at the end of Year $2$ were provided by retained earnings?

$20\%$

$24\%$

$56\%$

Some other percentage