At the end of the current fiscal year, ABC Corporation had the following balances: Assets $50,000 Common Stock $30,000 Dividends Declared $5,000 Expenses $75,000 Liabilities $20,000 Revenues $90,000 9000 7600 What is the increase (or decrease) to Retained Earnings? Support your answer with well labeled computations. BB 10 1600 DD EB Retained Earnings/The Accounting Equation At the end of the current fiscal year, Smith Corporation had the following balances: Assets $100,000 Common Stock $25,000 Dividends Declared $10,000 Expenses Liabilities Revenues $ 80,000 S 30,000 $120,000 The beginning balance of Retained Earnings was $15,000. a. What is the ending balance of Retained Earnings? Support your answer with well labeled computations. b. Prepare an accounting equation that shows assets, liabilities, and components of stockholders' equity.