In its first year of business, Scents for Cents' earned Revenues of $20,000, incurred Expenses of $16,000 and paid a $2,000 Dividend to its shareholders. Given Scents for Cents' incomplete balance sheet at year-end, determine the missing Retained Earnings balance. Cash $1,000 Supplies Inventory 6,000 Land 20,000 Total Assets Notes Payable $20,000 Stock Retained Earnings Total Liabilities & Shareholders' Equity $30,000 2,000 4,000 40,000 3,000 There is not enough information to determine the balance