connect.html Chapter #1 Homework - Part B (More detalle... Saved Help Save Exercise 1-15B Calculate amounts related to the balance of retained earnings (L01-3) Required: Below are approximate amounts related to retained earnings reported by five companies in previous years. 1. A company reports an increase in retained earnings of $1.4 billion and net income of $3.3 billion. What is the amount of dividends? 2. A company reports an increase in retained earnings of $1.6 billion and dividends of $0.8 billion. What is the amount of net income? 3. A company reports an increase in retained earnings of $1.42 billion and net income of $1.42 billion. What is the amount of dividends? 4. A company reports beginning retained earnings of $1.96 billion, net loss of $0.82 billion, and $0 dividends. What is the amount of ending retained earnings? 5. A company reports ending retained earnings of $1.72 billion, net income of $0.25 billion, and dividends of $0.05 billion. What is the amount of beginning retained earnings? (Enter your answers in billions rounded to 2 decimal places. Negative amounts should be indicated by a minus sign.) 1. Dividends 2. Net income 3. Dividends 4. Ending Retained Earnings 5. Beginning Retained Earnings billion billion billion billion billion