Calculate the revenue for the year ending december 31, 2016, based on the information given below. 2016 2017 retained earnings, january 1 $14,500 $ x revenue for the year y 48,500 expenses for the year 44,800 42,700 dividends paid 3,500 5,700 the ending balance of retained earnings on december 31, 2017, is $18,500. $15,400 $52,200 $33,800 $18,400