The income statement for the year 2014 of Poole Co. contains the following information: total Revenues $75,000, total expenses 77500, and Net income (loss) (2500) On January 1, 2014, Poole reported Retained Earnings of $45,000. Dividends for the year totaled $10,000. On December 31, 2014, the company will report Retained Earnings of $32,500 $37,500 X x $42,500 x