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At the end of the current period, Maltese, Inc reports the following amounts. Assets = $51,400, Liabilities $33,600 Dividends $3,220, Revenues = $22,400, Expenses =

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At the end of the current period, Maltese, Inc reports the following amounts. Assets = $51,400, Liabilities $33,600 Dividends $3,220, Revenues = $22,400, Expenses = $15,600 Calculate net income and stockholders' equity at the end of the period. Net Income Stockholders' equity During its first five years of operations, Della Manufacturing reports niet income and pays dividends as follows. Yeart Income Dividendal $2,400 $1,600 2,600 1,700 3,90 1,200 4 4.400 2.000 2.000 1 2 Calculate the balance of retained earnings at the end of each year Note that retained earnings will always equal 50 at the beginning of year 1 Year Retained Earnings 1 2 3 4 5

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