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For the year ended December 31, Year 2 For the year ended December 31, Year 1 Revenues $ 6,500 $ 5,000 Expenses $ 2,500 Net

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For the year ended December 31, Year 2 For the year ended December 31, Year 1 Revenues $ 6,500 $ 5,000 Expenses $ 2,500 Net Income $ $ December 31, Year 2 December 31, Year 1 Assets $16,500 $ 10,000 Liabilities 5,000 Common Stock $ 3,000 3,000 Retained Earnings 1.$ 2,000 Assume Year 1 is the company's first year of business and there were $200 of dividends paid in Year 1 and $100 of dividends paid in Year 2. After determining the missing amounts, $. in the above financial statements, calculate and type in the December 31, Year 2 Retained Earnings 1.$ (The company had no other stock-related transactions other than the $3,000 stock issued in Year 1.)

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