Revenues Expenses Net Income Assets Liabilities Stock For the year ended December 31, Year 2 December 31, Year 2 $8,500 $5,500 $15,500 $300 For the year ended December 31, Year 1 December 31, Year 1 $11,500 $4,000 $9,000 Retained Earnings 1.$ Assume Year 1 is the company's first year of business and there were no dividends in years 1 and 2. After determining the missing amounts ) in the above financial statements, calculate and type in the December 31, Year 1 Retained Earnings 1.$_ ($ $300

Assume Year 1 is the conpamys first year of business and there were no divdends in Yeass 1 and 2 . Aler detemining the mesing amounts in the above financial staternents, colculate and type at the December 31, Year 1 Retained Eamings 1.4