The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: 1.475 $ 2,000 1.000 1,300 780 2.725 Dividends Land Accounts Payable Retained earnings Accounts Receivable Common Stock Revenue Expense 1,300 What is the amount of net income that will be reported on the Year income statement? The following pre-closing accounts and balances were drawn from the records of Carolina Company on December 31, Year 1: Dividends Land Accounts Payable Retained earnings 52,000 Accounts Receivable 1.000 Common Stock 1.300 Revenue 700 Expense 2,725 $ 1.100 1.475 1,300 330 After closing, what is the balance of the Retained Earnings account on December 31 Year 1