As of December 31, Year 1, Flowers Company had total assets of $140,000, total liabilities of $42,000, and common stock of $70,000. The company's Year 1 income statement contained revenue of $24,000 and expenses of $15,000. The Year 1 statement of changes in stockholders' equity stated that $2,400 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 $44,000 by issuing additional common stock. Immediately after the additional capital. was raised, Flowers reported total stockholders' equity of $142,000. Are the stockholders of Flowers in a better financial position than they were on December 31, Year 1? Complete this question by entering your answers in the tabs below. Req A and B Req C and D Req F Determine the before-closing balance and the after-closing balance in the Retained Earnings account on December 31, Year 1. a. Retained earnings before-closing b. Retained earnings after-closing Req A and B Req C and D > 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 $44,000 by issuing additional common stock. Immediately after the additional capital was raised, Flowers reported total stockholders' equity of $142,000. Are the stockholders of Flowers in a better financial position than they were on December 31, Year 1? Complete this question by entering your answers in the tabs below. Req A and B Req C and and Req F Determine the before-closing balances and the after-closing balances in the Revenue, Expense, and Dividend accounts on December 31, Year 1. (Leave no cells blank - be certain to enter "0" wherever required.) Revenue Expenses Dividends Before-closing After-closing < Req A and B Req F > 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 $44,000 by issuing additional common stock. Immediately after the additional capital was raised, Flowers reported total stockholders' equity of $142,000. Are the stockholders of Flowers in a better financial position than they were on December 31, Year 1? Complete this question by entering your answers in the tabs below. Req A and B Req C and D Req F On January 1, Year 2, Flowers Company raised $44,000 by issuing additional common stock. Immediately after the additional capital was raised, Flowers reported total stockholders' equity of $142,000. Are the stockholders of Flowers in a better financial position than they were on December 31, Year 1? Are the stockholders of Flowers better off? Req C and D Req F