Use this information for Questions 1-3. Cat Compary began business on january 1. Year 1. During the first year of business, the company recelved contributed capital contributions of \\( \\$ 10,000 \\) and borrowed \\( \\$ 12,000 \\) from a local bank. The debt will be repaid in year 6. Earnings for year 1 totaled \\( \\$ 1.000 \\) and the company declared dividends of \\( \\$ 200 \\). Cat Company will pay the dividends in year 2. All transactions during Year 1 were on a cash basis except for the dividends, Cash sales totaled \\( \\$ 15,000 \\) and cash expenses totaled \\( \\$ 14,000 \\). The company's only asset at the end of year 1 is cash. Question 1: What is the balance of retained earnings at the end of year 1