The following amounts represent totals from the first three years of operations. Calculate the balance of Retained Earnings at the end of 2018.

2016 2017 2018

Net Income: $1,200 -$500 $2,300

Net Cash Flows: $500 $300 $2,800

Dividends: $200 $0 $200

Issuance of Stock: $2,000 $0 $0

A) $4,600 B) $2,600 C) $3,100 D) $3,500