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Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales and expenses increase by 14% in 2018 and all assets and

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Abbreviated financial statements for Archimedes Levers are shown in the table below. Assume sales and expenses increase by 14% in 2018 and all assets and liabilities increase correspondingly. Also assume no new equity is issued and none is repurchased, Income Statement Sales $7,000 Costs, including interest 5,600 Net income $2,000 Net assets Balance Sheet, Year-End 2018 2017 $6,200 $5,7ee Debt Equity $6,200 $5,700 Total 2018 $2,700 3, See $6,200 2017 $2,533 3,167 $5,700 Total a. What is the value of the addition to retained earnings for 2019? Answer is complete but not entirely correct. Addition to retained earnings $ 333 b. What is the residual dividend for 2019? Answer is complete but not entirely correct. Residual dividend $ 1,667

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