Q3) The first year of operations for a company was Year 1. The net income for Year 1 was $21,500 and dividends of $12,750 were paid. In Year 2, the company reported net income of $35,500 and paid dividends of $5,750. At the end of Year 1 , the company had total assets of $165,000. At the end of Year 2 , the company had total assets of $255,000. What is the amount of retained earnings at the end of Year 2