Practice HW Ending Week 11 Context: You are working for a company called Skyline Parts Technology that is asking you to perform some analysis on some company financials. The company is doing great and you are being asked to perform the following analysis to report back to the CFO! Respond to the following situation. Company was started by a group of investors on January 2, 208 when the balance sheet was made up of total assets of $10,000 and total liabilities of $3,000. Partial financial data for the first two years of operations are as follows: 20X8: Total assets (12/31)=$13,000; Total llabilites (12/31)=$4,000; Additional investments by investors =$0; Cash dividends declared and paid =$2,000. 209 : Total assets (12/31)=$20,000; Total llabilities (12/31)=$8,000; Additional investments by investors =$2,000; Cash dividends declared and pald =$4,000. Using the above information, what was the retained earnings balance on December 31,20x do? A. $2,000 B. $3,000. C. $10,000. D. $12,000. E. $13,000