For the year ended December 31Year 2Year 1Revenues$8,500$11,500Expenses$5,500$4,000Net Income?? At December 31Year 2Year 1Assets$15,500$9,000Liabilities??Stock$300$300Retained Earnings??

Assume Year 1 is the company's first year of business and there were no dividends in years 1 and 2. After determining the missing amounts ($______) in the above financial statements, calculate and type in the December 31, Year 1 Retained Earnings 1.$_________.