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QUESTION 9 For the year ended December 31, Year 2 $5,500 For the year ended December 31, Year 1 $ 500 Revenues Expenses Net

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QUESTION 9 For the year ended December 31, Year 2 $5,500 For the year ended December 31, Year 1 $ 500 Revenues Expenses Net Income: 1,500 Assets Liabilities Stock December 31, Year 2 December 31, Year 1 $ 16,500 $1,000 500 300 300 $ $ 200 Retained Earnings Assume Year 1 is the company's first year of business and there were no dividends in Year 1 or Year 2. After determining the missing amounts ($ in the above financial statements, calculate and type in the December 31, Year 2 Retained Earnings

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