Question 7 1 pts On December 31 of year 1, Acme Company had assets of $151,886, liabilities of $95,623, and capital stock of $29,852. During year 2, Acme earned revenues of $44.268 and incurred expenses of $33,627. During year 2 the firm declared and paid Dividends amounting to $2,954. Compute the company's retained earnings (the total amount in the books) on December 31 of year 2