determine retained earnings balance on december 31 2015 based on the following information. ( Dividend rate 20% of the net income) 2014 revenues 1,500,000 2015 revenues 1,800,000 retained earnings balance dec 31, 2014. 380,000 2015 expenses 1,200,000 total liabilities 285,000 total current asset 900,000 Please show steps explain what you did thanks