24. How is a firm's retained earnings calculated at the end of the year? ngs - Beginning balance of retained earnings minus net income in the current year plus net loss Beginning balance of retained earnings minus net income in the current a. Retained earnings in the previous year paid in the current year dividends paid in the current year dividends paid in the current year dividends paid in the current year b. Retained earnings Beginning balance of retained earnings plus net income in the current year plus di c. Retained earnings - Beginning balance of retained earnings plus net income in the current year minus d. Retained earnings Beginning balance of retained earnings minus net loss in the previous year minus e. Retained earnings Beginning balance of retained earnings minus net income in the current year plus