D Question 23 1 pts - 23 - 25. The Lucas Company was started on January 1, 20X0 by a group of investors with a balance sheet of total assets of $16,000 and total liabilities of $10,000. Partial financial data for the first year of operations is as follows: At 12/31/XO, Total assets = $18,000; At 12/31/XO, total liabilities = $8,000; During XO, Additional investments by owners = $1,000; During xo, Cash dividends declared - $5.000. During XO, Cash dividends paid - $4,000. What was the retained earnings balance at January 1, 20XO? $0 $6,000 $8,000 $14,000 $22.000