Given below is some summarized information taken from the adjusted trial balance of New Collipany at operations. Debit Credit Cash A/R 15,000 6,000 Equipment (net) 66,000 A/P 31,000 Dividends Payable 3,000 Common Stock ($3 par, 1,000 shares issued) 3,000 APIC 27,000 Treasury Stock (200 shares) 8,000 Retained Earnings 14.000 Revenues 98.000 78.000 Expenses 3,000 176,000176,000 Dividends Declared Total 4 The only treasury stock transaction was the purchase of 200 shares on November 15, Year 2. New Company Statement of Retained Earnings For the Year Ended December 31, Year 2 Line 1 Statement of Retained Earnings For the Year Ended December 31 Year 2 Line 1 $ Line 21 20,000 Line 3 Line 4 $31,000 Which one of the following amounts should be reported on "Line #1" of Startup Company's "Statement of Retained Earnings? Multiple Choice $22.000 $3,000 Multiple Choice $22.000 $3,000 $30,000 $14,000