Sanchez Company engaged in the following transactions during Year 1: 1) Started the business by issuing $13,700 of common stock for cash. 2) The company paid cash to purchase $8200 of inventory. 3) The company sold inventory that cost $5600 for $11,650 cash. 4) Operating expenses incurred and paid during the year, $5100. Sanchez Company engaged in the following transactions during Year 2: 1) The company paid cash to purchase $12,000 of inventory. 2) The company sold inventory that cost $9800 for $18,250 cash. 3) Operating expenses incurred and paid during the year, $6100. Note: Sanchez uses the perpetual inventory system. What is the amount of retained eamings that will be shown on the balance sheet at December 31 , Year 2 ? $14,000 $8100 $3300 $2350 None of the above