Retained profits of Atkinson Pty Ltd at 1 July 2019 were $14 500. The accounting records for year ended 30 June 2020 showed the following information: Revenues earned 66 000 Cash collected from customers 22 000 28 300 Expenses incurred Expenses paid in cash 18 600 Dividends declared 5 000 Dividends Paid 3 500 What were Rowe's retained profits at 30 June 2020? $25 100 $28 600 $47 100 $47 200