The Herb Company had the following balances in their stockholder's equity accounts as of December 31, 2018: Paid in capital: exist100,000 Retained earnings: exist50,000 During the year ended December 31, 2018, the Herb Company generated exist60,000 in net income and declared and paid exist20,000 in dividends. The ending balance in the retained earnings account at December 31, 2017, was exist50,000 exist60,000 exist10,000 exist20,000