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Data Table Garnet Corp. Lawrence Co. Barry, Inc. Beginning Assets $ 80 $ 25 IN Liabilities 48 17 OP Common stock 1 8 5 3 Retained earnings ? 9 Ending Assets ? $ 44 $ 25 Liabilities --- 50 28 ? Common stock 1. ? 7 Retained earnings 34 ? 2 Income Statement Revenues $ 230 ? $ 24 Expenses 218 170 ? Income Statement Revenues $ 230 24 ? $ 170 218 7 Expenses Net income ? ? ? Statement of retained earnings Beginning RE $ + Net income 31 $ 3 $ 9 20 5 (9 Dividends declared (15) (1) 34 $ 8 $ 13 - Ending RE