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can you show me the formula? 14. A company earned a net income of $451,888 and the paid $225,794 in dividends during 2017 . If

can you show me the formula? image text in transcribed
14. A company earned a net income of $451,888 and the paid $225,794 in dividends during 2017 . If the firm's total retained earnings were $846,972 at the end of 2017 , what were the retained earnings on its balance sheet at the end of 2016 ? A) $225,794 B) $610,878 C) $1,620,005 D) $620,878 E) $451,888 Answer: D

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