1. In a Word document, write a short paragraph on what would have been the net impact on retained earnings in each of these years from the transactions listed in the data set. Ignore any tax effects.

3 Row Labels 4 2015 5 2016 6 2017 7 2018 8 Grand Total 9 Sum of sales revenue Sum of total cost Sum of gross profit 92149269.97 $ 55,386,893.40 36762376.57 113493261.6 $ 68,159,337.82 45333923.81 129179569 $ 77,589,371.31 51590197.66 157359960.8 $ 94,459,814.97 62900145.84 492182061.4 $ 295,595,417.50 196586643.9 10