Balance Sheet Presentation, Trading Investments The income statement for Delta-tec, Inc., for the year ended December 31, Year 2, was as follows: Delta-tec, Inc. Income Statement (selected items) For the Year Ended December 31, Year 2 Income from operations $178,000 Gain on sale of investments 14,000 (41,000) Unrealized loss on trading investments Net income $151,000 The balance sheet dated December 31, Year 1, showed a Retained Earnings balance of $735,000. During Year 2, the company purchased trading investments for the first time at a cost of $199,000. In addition, trading investments with a cost of $54,000 were sold at a gain during Year 2. The company paid $42,000 in dividends during Year 2. a. Determine the December 31, Year 2, Retained Earnings balance. $ b. Provide the December 31, Year 2, balance sheet disclosure for Trading Investments. Delta-tec, Inc. Balance Sheet Disclosure for Trading Investments For December 31, Year 2