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5) Company XYZ reports the following information on its Balance Sheet in the beginning of 2020 Assets 3500 Liabilities 2000 Contributed Equity 1000 Retained

5) Company XYZ reports the following information on its Balance Sheet in the beginning of 2020 Assets 3500 Liabilities 2000 Contributed Equity 1000 Retained Earnings 500 Owner's Equity 1500 Total Liab + Equity 3500 Income Statement end of 2020 Revenue 500 Op Expenses 250 Interest Paid 25 Taxes 50 Net Income ??? Dividends 50 Retained Earnings ??? End of 2020 Retained Earnings ??? Additional Capital Raised during Yr 2020 End of 2020 Owner's Equity ??? End of 2020 Assets ??? 1000

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