Saxa began operation on January 1, 2017. Use Saxa's financial statements for 2017, 2018, and 2019 in the table below to answer the question. What is retained earnings on the financial statement for 2017? Saxa Financial Statements (2017, 2018, and 2019) 2017 2018 2019 Total Assets $150,000 240,000 (5) Total Liabilities 60,000 75,000 70,000 Contributed Capital 20,000 (4) 30,000 Retained Earnings (1) (3) 192,000 Net Income 85,000 75,000 (6) Dividends Declared (2) 12,000 8,000