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During 2020, its first year of operations, Jane's Bakery had revenues of $80,000 and expenses of $33,000. The business paid cash dividends of $20,000. What

During 2020, its first year of operations, Jane's Bakery had revenues of $80,000 and expenses of $33,000. The business paid cash dividends of $20,000. What is the balance in Retained Earnings at December 31, 2020? 1. $0. 2. $67,000 credit 3. $9,000 credit. 4. $27,000 credit O1 N

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