Compute Retained Earnings as of 12/31/2019 based on amounts in the description. Show your work for Account Type Date Amount Assets As of 12/31/2019 $ 450,000 Liabilities As of 12/31/2019 $ 240,000 Retained Earnings As of 1/1/2019 $ 160,000 Dividends $ 54,000 For the year of 2019 For the year of 2019 Revenue $ 200,000 Expenses For the year of 2019 $ 96,000