Brief Exercise 11-10 For the year ending December 31, 2019, Tamarisk, Inc. reports net income $146,000 and cash dividends $82,000. Determine the balance in retained earnings at December 31 assuming the balance in retained earnings on January 1, 2019, was $232,000. (List items that increase retained earnings first.) Tamarisk, Inc. Retained Earnings Statement $ Do It! Review 11-2a Beauty Island Corporation began operations on April 1 by issuing 60,000 shares of $5 par value common stock for cash at $13 per share. On April 19, it issued 2,000 shares of common stock to attorneys in settlement of their bill of $27,500 for organization costs. In addition, Beauty Island issued 1,000 shares of $1 par value preferred stock for $6 cash per share. Journalize the issuance of the common and preferred shares, assuming the shares are not publicly traded. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit (To record issuance of common stock for attorney's fees) > (To record issuance of Preferred stock for cash)