The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 2: Cash $ 1,400 Accounts receivable Dividends Land Accounts payable 700 Common stock 1,000 Revenue 550 Expense $ 950 1,175 1,000 650 What is the amount of retained earnings that will be shown on the balance sheet at December 31, Year 2? Multiple Choice: $2,400 $1,275 $1,625 $1,975