Exercise 4-3 Assume a beginning balance in Retained Earnings of $73,000 and net income for the year Determine where items would of $42,000. Illustrate how these would appear in the Statement of Retained Earnings col- appear in the work sheet umns and Balance Sheet columns in the work sheet. (L0. 2) In Exercise 4-3, if there was a debit balance of $167,000 in the Retained Earnings account as of the beginning of the year and a net loss of $129,000 for the year, show how these would be treated in the work sheet