QUESTION 5

	For the year ended December 31, Year 2	For the year ended December 31, Year 1
Revenues	$6,500	$500
Expenses	$1,500
Net Income

	December 31, Year 2	December 31, Year 1
Assets	$16,500	$1,000
Liabilities		$500
Stock	$300	$300
Retained Earnings	1.$___	$200

Assume Year 1 is the company's first year of business and there were $100 dividends in Year 1 and $100 dividends in Year 2. After determining the missing amounts ($______) in the above financial statements, calculate and type in the December 31, Year 2 Retained Earnings 1.$_________.