As of December 31, Year 1, Flowers Company had total assets of $50,000, total liabilities of $15,000, and common stock of $25,000. The company's Year 1 income statement contained revenue of $8,000 and expenses of $5,000. The Year 1 statement of changes in stockholders' equity stated that $600 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