the first year of operations for a company was year 1. the net income for year 1 was $21,500 and dividends of $12,750 were paid. in year 2, the company reported net income of $35,500 and paid dividends of $5750. at the end of year 1, the company had total assets of $165,000. at the end of year 2, the company had total assets of $ $255,000. what is the amount of retained earnings at the end of year 2? a. $38,500 b. $29,750 c. $135,150 d. $145,150