wed During its first five years of operations, Della Manufacturing reports net income and pays dividends as follows. Help Sau Year Net Income Dividends 1 $2,500 $1,700 2 2,200 1,800 3 2,709 1,700 4 4,600 2,989 5 8,000 2,300 Calculate the balance of retained earnings at the end of each year. Note that retained earnings will always equal $0 at the beginning of year 1 Year Retained Earnings 1 2 3 4 5