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Applying Financial Statement Relations to Compute Dividends a. Fill in the amounts for the Norfolk Southern statement of changes in retained earnings. Note: Use negative

Applying Financial Statement Relations to Compute Dividends a. Fill in the amounts for the Norfolk Southern statement of changes in retained earnings. Note: Use negative signs with your answers, when appropriate. Norfolk Southern Inc. Consolidated Statements of Changes in Retained Income Beginning Balance at Dec. 31, 2015 $10,191 Net income 0 Dividends on Common Stock (695) Share repurchases (731) Other (8) Ending Balance at Dec. 31, 2016 10,425 Net income 5,404 Dividends on Common Stock 0 Share repurchases (945) Other (5) Ending Balance at Dec. 31, 2017 14,176 Net income 2,666 Dividends on Common Stock (844) Share repurchases Other Ending Balance at Dec. 31, 2018 0 81 $13,440 b. Is it true (or false) that Norfolk Southern purchased its own shares back during each year from 2016 to 2018

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