Determining Retained Earnings and Net Income The following information appears in the records of Becker Corporation at year- end: Accounts Receivable $32,000 Retained Earnings Accounts Payable 12,000 Supplies Cash Common Stock 7,000 Equipment, net 115,000 $? 8,000 145,000 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 $38,000 and $13,000 in dividends is paid during the year, calculate net income for the year.