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3 Presented in the bar charts are three columns for each of the first three years of a company's operations. The three columns represent amounts
3 Presented in the bar charts are three columns for each of the first three years of a company's operations. The three columns represent amounts reported at the end of each year - net income (left), dividends (middle), and retained earnings (right). Examine the graphs and respond to the following questions. 33.34 points Net Income, Dividends, and Retained Earnings $300 $250 ebook 110 $200 PL $150 References 90 90 $100 150 120 $50 100 BO 80 BO 40 20 30 $0 NI Div RE NI Div RE Year 2 NI Div RE Year 3 Year 1 Click here to open the grophis) in a new tab. Required: 1. What is the amount of Retained Earnings at the end of Year 12 2a. Al the end of Year 2, the company reports Net Income of $120. This amount includes: 2b. What amount of dividends did the company declare in Year 22 2. What is the ending balance of Retained Earnings in Year 22 2d. The ending balance of Retained Earnings in Year 2 includes: 3a. What amount of Net Income did the company report in Year 3? 31. What amount of dividends did the company declare in Year 3? 3c. What is the ending balance of Retained Earnings in Year 39 The anrinn halanan Reiner Faminne in Year 2 inchide MC Prey 3 of 3 Next
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