DJ U LL JUCLI ALLUUS HICIUung von 4) Retained Earnings at the beginning and ending of the accounting period was $300 and $800, respectively. If revenues were $1.100 and dividends paid to stockholders were $200, expenses for the period must have been: EAA 5) Yowell Company began operations on January 1, Y0 ompany began operations on January 1. Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $40,000 2) borrowed $25,000 from its bank 3) provided consulting services for $39,000 cash 4) paid back $15,000 of the bank loan 5) paid rent expense for $9,000 6) purchased equipment for $12,000 cash 7) paid $3,000 dividends to stockholders 8) paid employees' salaries of $21,000 What is Yowell's net income for Year 1