7) (4 pts) Company XYZ reports the following information on its Balance Sheet in the beginning of 2020 Assets 4000 Liabilities 2000 Contributed Equity 1500 Retained Earnings 500 Owner's Equity 2000 Total Liab + Equity 4000 Income Statement end of 2020 Revenue 1000 Op Expenses 350 Depreciation 60 Interest Paid 50 Taxes Paid 75 Taxes Deferred 25 Net Income ??? Dividends 50 Retained Earnings ??? End of 2020 Cumulative Retained Earnings ??? Additional Equity Capital Raised during Yr 2020 1000 7) (4 pts) Company XYZ reports the following information on its Balance Sheet in the beginning of 2020 Assets 4000 Liabilities 2000 Contributed Equity 1500 Retained Earnings 500 Owner's Equity 2000 Total Liab + Equity 4000 Income Statement end of 2020 Revenue 1000 Op Expenses 350 Depreciation 60 Interest Paid 50 Taxes Paid 75 Taxes Deferred 25 Net Income ??? Dividends 50 Retained Earnings ??? End of 2020 Cumulative Retained Earnings ??? Additional Equity Capital Raised during Yr 2020 1000