Yaing t kim organized a company: each contributed $42,000 Cash to Start the business & recieved 4,000 Stock. Store completed its 1st year of operations on Dec 31, 2017. On that date, the douaving financial items for the year were determined: Casnon hand t in bank 1$37,500; amaunts due from Customers for scues $27, 200; equipment $41,000; amaunts awed vw boous purchased $7, 7000, note payable (1 year) $3,300. No dividends declared or Paid to stocund. ders during year 10 The equation Net income = $ Linked to question one Company generates Net Income + pays dividends of $2,300 (in 2018) What would be the ending Retained Earnings balance @ December 31, 2018 1 Ending RE