During its first five years of operations, Della Manufacturing reports net Income and pays dividends as follows. Year Net Income Dividends 1 $2,600 $1,800 2 2,700 500 3 2 ,900 1,100 4 5,600 2,100 5 8 ,700 2,000 Calculate the balance of retained earnings at the end of each year. Note that retained earnings will always equal $0 at the beginning of year 1. Year Retained Earnings WN