A) For the following items, provide the missing number.

The answer is NOT 76936; I checked twice. Please explain the work.

Retained Earnings, 1/1/16	$ 575,603
Net Income	?
Subtotal	$ 498,667
Dividends	10,000
Retained Earnings, 1/1/16	$ 488,667

B) Specify the section of a classified balance sheet in which each of the following accounts would be found.

	Machinery
	Merchandise Inventory
	Preferred Stock
	Copyrights
	Bonds Payable
	Accumulated Depreciation
	Additional Paid-In Capital
	Accounts Receivable
	Unearned Revenues
	Taxes Payable

1.	Current Assets
2.	Investments
3.	Property, Plant, and Equipment
4.	Intangibles
5.	Current Liabilities
6.	Long-Term Liabilities
7.	Contributed Capital
8.	Retained Earnings