#5 - If Henry and Kate's Company has $300,000 of sales revenue, pays $50,000 in dividends and has net income of $100,000, how much were the expenses for the year? Show your work in order to earn full points. \#6 - All of the following will affect the balance of Retained Earnings except a. Expenses incurred c. Revenues earned b. Dividends declared d. Investments by stockholders