Lexington Company engaged in the following transactions during 2015, its first year in operation: (Assume all transactions are cash transactions) 1. Acquired $4,300 cash from issuing common stock. 2. Borrowed $2,850 from a bank. 3. Earned $3,750 of revenues. 4. Incurred $2,530 in expenses. 5. Paid dividends of $530. Lexington Company engaged in the following transactions during 2016: 1. Acquired an additional $1,150 cash from the issue of common stock. 2. Repaid $1,755 of its debt to the bank. 3. Earned revenues, $5,150. 4. Incurred expenses of $3,010. 5. Paid dividends of $1,420. 5. Required information The amount of total assets on Lexington's 2015 balance sheet was $1,450. $7,840. $7,820. $3,930. 6. Required information The amount of retained earnings on Lexington's 2015 balance sheet was