At the end of Year 2, retained earnings for the Baker Company was $3350. Revenue earned by the company in Year 2 was $3600, expenses paid during the period were $1900, and dividends paid during the period were $1300. Based on this information alone, what was the amount of retained earnings at the beginning of Year 2?
A. $1650.
B. $2950.
C. $7200.
D. $3750.
Answer: B
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