E1-09A.Stat Question 4 Partially correct Mark 5.00 out of 10.00 P Flag question 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 Cash 8,000 Equipment, net Common stock 110,000 $? 9,000 138,000 a: Calculate the balance in retained earnings at year-end. $ 57,000 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. $ 58,000 Check