As of December 31, Year 1, Moss Company had total cash of $150,000, notes payable of $85,000, and common stock of $51,800. During Year 2, Moss earned $30,000 of cash revenue, paid $17,000 for cash expenses, and paid a $2,400 cash dividend to the stockholders. a. Determine the amount of retained earnings as of December 31, year 1. b. & c. Create an accounting equation and record the beginning account balances, revenue, expense, and dividend events under the accounting equation. (Enter any decreases to account balances with a minus sign.)