The following is a schedule of selected accounts and dividends for a particular company from 20x6-20x8.
20x6
Revenues: $55,000
Expenses: $20,000
Gains: -
Losses: -
Dividends declared: $22,000
20x7
Revenues: $70,000
Expenses: $80,000
Gains: $550
Losses: -
Dividends declared: -
20x8
Revenues: $77,000
Expenses: $50,000
Gains: -
Losses: $400
Dividends declared: $2,000
Required: If retained earnings is at a $66,000 credit balance at 1/1/x6, then determine retained earnings for 12/31/x6, 12/31/x7, and 12/31/x8.