As of December 31, Year 1, Moss Company had total cash of $160,000, notes payable of $86,000, and common stock of $52,800. During Year 2, Moss earned $40,000 of cash revenue, paid $22,000 for cash expenses, and paid a $3,400 cash dividend to the stockholders. Required a. Determine the amount of retained earnings as of December 31, Year 1. b. & c. Create an accounting equation and record the beginning account balances, revenue, expense, and dividend events under the appropriate elements of the accounting equation. d. Complete the equality of the accounting equation as of December 31, Year 2.