Determining Retained Earnings and Net Income The following information appears in the records of Bock Corporation at year-end: 20 a. b. Accounts receivable Accounts payable. Cash.... Common stock 23,000 Retained earnings 11,000 Supplies . 8,000 Equipment, net. 110,000 $ ? 9,000 138,000 Calculate the balance in retained earnings at year-end. 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.