During its first five years of operations, Pinkman Consulting reports net income and pays dividends as follows.

Required:

Calculate the balance of retained earnings at the end of each year. Note that retained earnings will always equal $$0$ at the beginning of year $1.$

$\backslash$table$[[$Year$,$Net Income,Dividends,$\backslash$table$[[$Retained$],[$Earnings$]]],[1,$$$800,$$$420,],[2,1,300,420,],[3,1,300,600,],[4,2,400,600,],[5,3,600,600,]]$