Blossom Construction Company earned $400,000 during the year ended June 30, 2017. After paying out $225,794 in dividends, the balance went into retained earnings. If the firm's total retained earnings were $840,000 at the end of fiscal year 2017, what were the retained earnings on its balance sheet on July 1, 2016? Balance of retained earnings, July 1, 2016 $ Blossom Construction Company earned $400,000 during the year ended June 30, 2017. After paying out $225,794 in dividends, the balance went into retained earnings. If the firm's total retained earnings were $840,000 at the end of fiscal year 2017, what were the retained earnings on its balance sheet on July 1, 2016? Balance of retained earnings, July 1, 2016 $ Pharoah Corporation had revenues of $865,030 in 2017. It also had expenses (excluding depreciation) of $365,240, depreciation of $103,477, and interest expense of $52,427. What was the company's net income after taxes if its average tax rate was 40 percent? (Round answer to 2 decimal places, e.g. 15.25.) Company's net income $