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. (Enter any decreases to account balances with a minus sign.) MOSS COMPANY Effect of Year 2 Transactions on the Accounting Equation Assets Liabilities Stockholders' Equity Notes Common Cash Retained Payable Stock Earnings Event Beginning balance 1. Earned revenue 2 Paid expenses 3. Pald dividend Ending balance 0