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Starlight Enterprises Inc. started the year with the following: Assets $129,000; Liabilities $43,500: Common Shares $73,500. Retained Earnings $12.000. During the year, the company earned

Starlight Enterprises Inc. started the year with the following: Assets $129,000; Liabilities $43,500: Common Shares $73,500. Retained Earnings $12.000. During the year, the company earned revenue of $6,800, all of which was received in cash, and incurred expenses of $3.900, all of which were unpaid as of the end of the year. In addition, the company paid dividends of $2,800 to owners. Assume no other activities occurred during the year. The amount of Starlight's retained earnings at the end of the year is Multiple Choice $12,100 $2.800 Multiple Choice $12.100 $2,800 $18,800. $14,900. Jy

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