Warren Enterprises had the following events during Year 1: The business issued $38,000 of common stock to its stockholders. The business purchased land for $30,000 cash. Services were provided to customers for $34,000 cash. Services were provided to customers for $23,000 on account. The company borrowed $34,000 from the bank. Operating expenses of $30,000 were incurred and paid in cash. Salary expense of $2,600 was accrued. A dividend of $22,000 was paid to the stockholders of Warren Enterprises Assuming the company began operations during Year 1, the amount of retained earnings as of December 31, Year 1 would be: Multiple Choice 0 0 0