As of December $31,$ Year $1,$ Flowers Company had total assets of $$220,000,$ total liabilities of $$66,000,$ and common stock of $$110,000.$ The company$$s Year $1$ income statement contained revenue of $$40,000$ and expenses of $$23,000.$ The Year $1$ statement of changes in stockholders$$ equity stated that $$3,200$ of dividends were paid to investors.

Required

a$.$ Determine the before$-$closing balance in the Retained Earnings account on December $31,$ Year $1.$

b$.$ Determine the after$-$closing balance in the Retained Earnings account on December $31,$ Year $1.$

c$.$ Determine the before$-$closing balances in the Revenue, Expense, and Dividend accounts on December $31,$ Year $1.$

d$.$ Determine the after$-$closing balances in the Revenue, Expense, and Dividend accounts on December $31,$ Year $1.$

f$.$ On January $1,$ Year $2,$ Flowers Company raised $$40,000$ by issuing additional common stock. Immediately after the additional capital was raised, Flowers reported total stockholders' equity of $$194,000.$ Are the stockholders of Flowers in a better financial position than they were on December $31,$ Year $1?$