QUESTION 19 Florist Grump, Inc., had beginning retained earnings of $165,000. During the year, Florist Grump had net income of $68,000 and declared and paid dividends of $23,000. What will be shown for ending retained earnings on Florist Grump's year-end balance sheet? QUESTION 20 For the year ended December 31, Year 2 For the year ended December 31 Year 1 Revenues $ 12,500 $ 500 1,500 Expenses Net Income December 31, Year 2 December 31, Year 1 Assets $ 16,500 s 1,000 Liabilities 500 Stock 300 300 Retained Earnings $ 200 Assume Year 1 is the company's first year of business and there were no dividends in Year 1 of Year 2. Atter determining the missing amounts ($ in the above financial statements, calculate and type in the December 31, Year 2 Retained Earnings $