1) DW has an ending retained earnings balance of $51,700. If during the year DW paid dividends of $4,700 and had net income of $21,800, then what was the beginning retained earnings balance?

2) The ending retained earnings balance of Boomer Inc. decreased by $1.0 million from the beginning of the year. The company declared a dividened of $5.7 million during the year. What was the net income earned during the year?

3) Aikman Company has paid dividends of $2,560, $0, $1,430, and $1,040 over the first four years of the company's existence. If Retained Earnings after year four has an ending balance of $9,500, what is the average annual amount of net income (loss) over the past for years for Aikman? (Round your answer to the nearest dollar amount.)

4) Emmitt had the following final balances after the first year of opertations: assets, $35,300; stockholders' equity, $13,200; dividends, $2,100; and net income , $10,100. What is the amount of Emmitt's liabilities?