18. Information for Scandinavian Products at the end of Year 4 follows Dividends Declared on Common Stock during the Year Income Summary (income) Retained Earnings, January 1, Year 4 Common Stock 50,000225,000?150,000250,000 Premium on Common Stock Required: a. Find the ending balance in Retained Earnings as of December 31 , Year 4 . b. Find the beginning balance in Retained Earnings as of January 1, Year 4 . 18. Information for Scandinavian Products at the end of Year 4 follows Dividends Declared on Common Stock during the Year Income Summary (income) Retained Earnings, January 1, Year 4 Common Stock 50,000225,000?150,000250,000 Premium on Common Stock Required: a. Find the ending balance in Retained Earnings as of December 31 , Year 4 . b. Find the beginning balance in Retained Earnings as of January 1, Year 4