Below is information related to retained earnings for five independent situations.

Calculate the answer to each.

1.A company reports an increase in retained earnings of $3,200 and net income of $4,800. What is the amount of dividends?

2.A company reports beginning retained earnings of $1,800, net income of $1,200, and $200 dividends. What is the amount of ending retained earnings?

3.A company reports an increase in retained earnings of $2,500 and dividends of $1,500. What is the amount of net income?

4.A company reports ending retained earnings of $2,700, net income of $900, and dividends of

$500. What is the amount of beginning retained earnings?

5.A company reports an increase in retained earnings of $500 and net income of $1,200. What is the amount of dividends?