Question 2 0/3 pts On December 31, Year 5, the balance in retained earnings is $25,000. On December 31, Year 4, the balance in retained earnings is $40,500. The amount of net income for Year 5 is $50,000. Which of the following statements is FALSE? The dividend of Year 5 could be known. That is, $25,000=$40,500+50,000 - dividends (because revenues/gains minus expenses/losses equals to net income) There is no way to figure out dividends of year 5. The revenues/gains minus expenses/losses in Year 5 is $50,000 The beginning Retained earnings of Year 5 is $40,500