Washington Company was organized when it acquired $2,000 cash from issue of common stock. Throughout its first accounting period the company earned $800 of cash revenue as well as incurred $500 of cash expenses. Also, during the accounting period the company paid its owners a $200 cash dividend. Required a. Determine the balance in the Retained Earnings account before and after the temporary accounts are closed. b. As of the end of the accounting period, determine what percentage of total assets were provided by retained earnings.