Warren Enterprises began operations during Year 1. The company had the following events during Year 1: . The business issued $22,000 of common stock to its stockholders. The business purchased land for $14,000 cash. Services were provided to customers for $18,000 cash Services were provided to customers for $7,000 on account. The company borrowed $18,000 from the bank. Operating expenses of $14,000 were incurred and paid in cash. Salary expense of $1,000 was accrued. . A dividend of $6,000 was paid to the stockholders of Warren Enterprises. . What is the balance of the Retained Earnings account as of December 31, Year 17 Multiple Choice