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ces Revise the given year end information in your spreadsheet with the following values, and then answer the questions below: Revenue $15,800 Year 1
ces Revise the given year end information in your spreadsheet with the following values, and then answer the questions below: Revenue $15,800 Year 1 Year 2 Year 3 Year 4 5,800 45,800 90,800 Year Net Income 1 2 3 4 Expenses Dividends $5,400 $2,200 10,400 25,400 40,400 Required: 1. Complete the table below based on your spreadsheet results: (Negative amount should be indicated by a minus sign.) 0 5,200 10,200 Retained Earnings Proy 4 2. Assume revenues increase 20% in both Years 1 and 4, what would the revised balances be? (Negative amount should be indicated by a minus sign.) Year Net Income 1 2 3 4 Retained Earnings 4
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Lets calculate the net income and retained earnings based on the provided revenue expenses and divid...Get Instant Access to Expert-Tailored Solutions
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