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Saved 50 points Net income for 2017 Net income for 2018 Dividends for 2017 Dividends for 2018 Total assets at the end of 2017

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common stock retained earnings
Balance December 31, 2017 $        120,000.00 $                  16,100.00
Add: net income $                  42,900.00
less:dividends -$                  18,700.00
Balance December 31, 2018 $        120,000.00 $                  40,300.00
working:
retained earnings balance on December 31 2017
net income of 2017 - dividends of 2017
30700-14600
$16,100
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