20) Jensen Enterprises paid $1,300 in dividends and $920 in interest this past year. Common stock increased by $1,200 and retained earmings decreased by $310. What is the net income for the year? C) $2,190 A) S1,610 B) S1,910 D) -$210 E) $990 RT ANSWER (20 POINTS). PLEASE SHOW YOUR WORK FOR PARTIAL CREDIT ) Your family has always dreamed about living in Hawai. You just turned 18 years old (literally just now: Hint: t-0), and your resolution is to make sure you have enough money to buy a house for your entire family in ten years (when you turn 28; Hint: 10). However, this will be no easy task as you foresee several events that might need your financial commitment, and in addition, the real estate market in Hawaii has been very hot to say the least. The following is the specific information a) The price of a single family house in Hawaii similar to the one you plan on buying costs 750,000 right now (t-0). Housing price is expected to grow at 10% annually for two years from now on, and then slows down to 5% per year till year 10. b) Your brother will get married in three years (t-3) and as his sibling, you would like to foot the entire bill for his wedding. His wedding cost is estimated to be 20,000 right now, and is expected to grow at 10% per year between t-0 and t-3. c) You want to purchase a BMW by the age 24 (t-6). Looking around, you were unable to figure out an exact price of the car. However, you know a close friend of yours just signed (t=10) a financing deal, which would require her to pay 48 months of equal payments of $899 per month, with the first payment starting in one month. (do not over think. i.e., the interest rate on auto loan is iue of