Nelson Company experienced the following transactions during Year 1, its first year in operation. Issued $7,800 of common stock to stockholders Provided $4,100 of services on account Paid $2,050 cash for operating expenses Collected $2,800 of cash from accounts receivable Paid a $190 cash dividend to stockholders What is the amount of retained earnings that will be shown on the company's balance sheet prepared as of December 31, Year 1? Multiple Choice $9,660 $1,490 Multiple Choice $9,660 $1,490 $1,860 $2,050