Homework Answers
Answer
--Retained earnings ending balance = Beginning balance + Net Income - Dividend
| Year | Retained earnings |
| 1 | $800 |
| 2 | $3,000 |
| 3 | $4,800 |
| 4 | $8,300 |
| 5 | $15,000 |
--Calculations
| Year | Retained earnings |
| 1 | =0+2600-1800 |
| 2 | =800+2700-500 |
| 3 | =3000+2900-1100 |
| 4 | =4800+5600-2100 |
| 5 | =8300+8700-2000 |
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