Marks Consulting experienced the following transactions for Year 1, its first year of operations, and Year 2. Assume that all transactions involve the receipt or payment of cash. Transactions for Year 1 Acquired $20,000 by issuing common stock. Received $35,000 for providing services to customers. Borrowed $25,000 cash from creditors. Paid expenses amounting to $22,000. Purchased land for $30,000 cash. Transactions for Year 2 Beginning account balances for Year 2 are: Cash $ 28,000 Land 30,000 Notes payable 25,000 Common stock 20,000 Retained earnings 13,000 Acquired an additional $24,000 from the issue of common stock. Received $95,000 for providing services in Year 2. Paid $15,000 to reduce notes payable. Paid expenses amounting to $71,500. Paid a $3,000 dividend to the stockholders. Determined that the market value of the land is $47,000. c. Determine the amount of cash in the retained earnings account at the end of Year 1 and Year 2.