MCQ3. At the end of 2016, retained earnings for the Baker Company was $3,500. Revenue earned by the company in 2016 was $1,500, expenses paid during the period were $800, and dividends paid during the period were $500. Based on this information alone, retained earnings at the beginning of 2016 was a. $3,300. b. $3,700. c. $2,800. d. $3,800