At the beginning of 2014, Trouble Inc. had a Retained Earnings balance of $17,145. For the next three years, the firm reported the following net income (loss) and cash dividends declared and paid: Year: Net Income (loss); ($1,370) Cash Dividends: 2014 2015 $7.910 $930 2016 $10.560 $1,110 What would be the balance of Retained Earnings reported on the year-end balance sheet as of 12/31/2016? a $32,205 b. $39,025 . $34,245 d. $36,285 e $15,060