The following information was drawn from the accounting records of Swanson Company as of December 31, 2014, before the temporary accounts had been closed. The Cash balance was $2,610, and Notes Payable amounted to $21,000. The company had revenues of $3,780 and expenses of $2,200. The company's Land account had a $4,500 balance. Dividends amounted to $250. There was $800 of common stock issued Required a. Identify which accounts would be classified as permanent and which accounts would be classified as temporary Cash Notes Payable Revenues Expenses Land Dividends Common Stock Retained Earnings b. Assuming that Swanson's beginning balance (as of January 1, 2014) in the Retained Earmings account was $3,400, determine its balance after the t orary accounts were closed at the end of 2014