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For the year ended December 31 Year 2 Year 1 Revenues Expenses Net Income $8,500 $5,500 5,500 4,000 ? ? At December 31 Year

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For the year ended December 31 Year 2 Year 1 Revenues Expenses Net Income $8,500 $5,500 5,500 4,000 ? ? At December 31 Year 2 Year 1 Assets $15,500 $9,000 Liabilities ? ? Stock 300 300 Retained Earnings Assume Year 1 is the company's first year of business and there were no dividends in years 1 and 2. After determining the missing amounts ($ in the above financial statements, calculate and type in the December 31, Year 1 Retained Earnings 1.$

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