The net income for Year 1 (the first year of operations for the company) was $20,000 and dividends of $12,000 were pald. In Year 2, the company reported net income of $34,000 and paid dividends of $5,000. At the end of Year 1, the company had total assets of $150,000. At the end of Year 2, the company had total assets of $240,000 What is the amount of retained earnings at the end of Year 2? Skoped Multiple Choice $37.000 $29,000 $269,000 $240,000