Warren Enterprises began operations during Year 1. The company had the following events during Year 1 . The business issued $26,000 of common stock to its stockholders. The business purchased land for $18,000 cash. Services were provided to customers for $22,000 cash. Services were provided to customers for $11,000 on account. The company borrowed $22.000 from the bank. Operating expenses of $18,000 were incurred and paid in cash. Salary expense of $1,400 was accrued. A dividend of $10,000 was paid to the stockholders of Warren Enterprises. . 2:47 . What is the balance of the Retained Earnings account as of December 31, Year 1? Multiple Choice $11,000 $3,600 $13,600 $33.000