As of December $31,$ Year $1,$ Moss Company had total cash of $$163,000,$ notes payable of $$86,300,$ and common stock of $$53,100.$ During Year $2,$ Moss earned $$43,000$ of cash revenue, paid $$23,500$ for cash expenses, and paid a $$3,700$ cash dividend to the stockholders.

Required:

a$.$ Determine the amount of retained earnings as of December $31,$ Year $1.$

Retained earnings $$

b$.$ & c$.$ Create an accounting equation and record the beginning account balances, revenue, expense, and dividend events under the accounting equation.

Note: Enter any decreases to account balances with a minus sign.

$\backslash$table$[[$MOSS COMPANY$],[$Event$,$Effec,eal,nsactions on th$,$Jur,uation,,$],[$Assets$,=,$Liabilites,$+,$Stockholders' Equity$],[$Cash$,=,\backslash$table$[[$Notes$],[$Payable$]],+,\backslash$table$[[$Common$],[$Stock$]],+,\backslash$table$[[$Retained$],[$Earnings$]]],[$Beginning balance,,$=,$fil,$+,,+,],[1.$ Earned revenue,,$=,4.,+,,+,],[2.$ Paid expenses,,$=,$L$1,+,,+,],[3.$ Paid dividend,,$=,,+,,+,],[$Ending balance,$2_{{?}_{?}},=,0,+,0,+,0]]$