During its first five years of operations, White 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,$$ $1,050,$$ $470,],[2,1,550,470,],[3,1,800,850,],[4,2,900,850,],[5,4,100,850,]]$