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The following accounts and balances were drawn from the records of Carolina Company on December 3 1 , Year 1 : table [ [

The following accounts and balances were drawn from the records of Carolina Company on December 31, Year 1:
\table[[Cash,$,4600,\table[[Accounts],[receivable]],$,1750],[Dividends,$,2300,\table[[Common],[stock]],$,2775],[Land,$,2600,Revenue,$,2600],[\table[[Accounts],[payable]],$,1350,Expense,$,1450]]
The amount of Carolina's retained earnings after closing on December 31, Year 1 was:
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