Finish attempt... Tim 4:50:55 Quen 3 Mark 006 out of 625 Determining Retained Earnings and Net Income The following information appears in the records of Bock Corporation at year-end: Accounts Recevabe 123,000 Betained Earnings Accounts Payable Cash 15,000 Supplies 8.000 Equment, ne 3,000 138,000 Common Stock 110,000 a Calculate the balance in Retained Earnings at year-end. 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 Check Mars for the .0025 000 eBook Print Firish attempt Timele 4:50:23 Qon 3 nect Mark 800 m of 625 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 Earning Accounts Payable 15,000 Supplies Cash 8.000 Equipment, net 9.000 138,000 Common Stock 110,000 a. Calculate the balance in Retained Earnings at year-end. 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. Check 000 eBook Print 8