At the beginning of the Year4, Ronan Inc. reported the following equity account balances:

Account	Balance
Retained earnings	27,500
Contributed capital	82,400

During Year4, Ronan

earned $100,000 of revenues

incurred $62,000 of expenses

paid $20,000 of dividends to shareholders

sold (issued) stock to shareholders for $5,800

What will Ronan report as net income for Year4?

What will Ronan report as the balance in these accounts on the balance sheet as of the end of Year4?

Retained earnings ?

Contributed capital ?