Homework Answers
Calculate following
| Year | Net income | Retained earnings | |
| a | 2018 | 29000-15500 = 13500 | 13500 |
| 2019 | 39000-18500 = 20500 | 13500+20500 = 34000 | |
| 2020 | 49000-26500 = 22500 | 34000+22500 = 56500 | |
| c | 2018 | 13500 | 13500 |
| 2019 | 20500 | 34000-7250 = 26750 | |
| 2020 | 22500 | 26750+22500 = 49250 | |
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the first two pics arw directions
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