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Can you please explain how to get the answer? Specifically how to find net income here. Beginning retained earnings+net income-dividents=ending retained earnings, right? A company

image text in transcribedCan you please explain how to get the answer? Specifically how to find net income here. Beginning retained earnings+net income-dividents=ending retained earnings, right?

A company had the following partial account balances in its ledger before closing entries for the period were recorded. If all accounts have normal balances, what is the balance of retained earnings after all closing entries are posted. $69, 200 $13, 600 $46,000 $49, 800

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