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During its first five years of operations, Della Manufacturing reports net income and pays dividends as follows. Year Net Income Dividends $2,900 $1,100 2,300 900 3,300 1,900 5,200 2,100 6,800 3,800 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. Year Retained Earnings 1 During its first five years of operations, Della Manufacturing reports net income and pays dividends as follows. Year Net Income Dividends $2,900 $1,100 2,300 900 3,300 1,900 5,200 2,100 6,800 3,800 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. Year Retained Earnings 1