The Hastco Company had the following balances in their stockholders' equity accounts as of December 31, 2010: Paid-in Capital: $53,000 Retained Earnings: $31,000 During the year ended December 31, 2010, the Hastco Company generated $36,000 in net income, and declared and paid $16,000 in Dividends. The ending balance in the retained earnings account at December 31, 2009 was: O $11,000 O $37,000 O $5,000 O $61,000