Required information [The following information applies to the questions displayed below] Pratt Corporation started the Year 2 accounting period with total assets of $34,000 cash, $14,000 of tlabilities, and $9,000 of retained earnings. During the Year 2 accounting period, the Retained Earnings account increased by $11,550. The bookkeeper reported that Pratt paid cash expenses of $28,000 and paid a $2,400 cash dividend to stockhoiders, but she could not find a record of the amount of cash revenue that Pratt received for performing services. Pratt also paid $7,000 cash to reduce the liabllity owed to a bank, and the business acquired $7700 of additional cash from the issue of cammon stock. Assume all transactions are cash transactions. c. Prepare the Year 2 balance sheet