1) Year End Statements for Boomer Industries contained the following elements and amounts: = = Assets $5,600,000; Liabilities?; Common Stock $2,500,000; Revenue $530,000; Expenses = $300,000 Dividends $107,000; Beginning Retained Earnings = $700,000. = a. What is Ending Retained Earnings?. (Hint: use the Retained Earnings Formula above) b. What are Year-End Liabilities? (Hint: Using the results from a., use the Accounting Equation to solve for liabilities)