Use the following information to answer questions 13 through 15: The Granny Company was started by a group of investors on January 1, 20x1 when the balance sheet was made up of total assets of $10,000 and total Niabilities of $4,000. Partial financial data for the first year of operations is as follows: 20x1 Total assets (12/31) $15,000 Total liabilities (12731) 5,000 Additional investments by owners 1,000 Cash dividends declared and paid 2,000 13. What was the contributed capital balance at January 1, 20x1? A. $3,000 B. $ 6,000 C. $7,000 D. $10,000 E. $15,000 14. What was the net income floss) for the year 20x1? A. ($5,000) B. {$2,000) C. $3,000 $4,000 $5,000 What was the retained earnings balance on December 31, 20x1? {$2,000) B. {$1,000) C. $2,000 D. $3,000 55,000 15