Determining Retained Earnings and Net Income The following information appears in the records of Bock Corporation at year-end: Accounts receivable $23,000 Retained earnings $? Accounts payable 11,000 Supplies 9,000 Cash 8,000 Equipment, net 138,000 Common stock 110,000 a. Calculate the balance in retained earnings at year-end. $ b. If the amount of the retained earnings at the beginning of the year was $30,000, and $12,000 in dividends is paid during the year, calculate net income for the year. $ Check Previous Save Answers