Individual Assignment 21 (Compatibility Mode] Word View Tell me what you want to do References Layout sign Mailings Review T Normal 1 No Spac. Heading 1 Heading 2 Subtitle Title Subtle Em -A Font Paragraph Question 1: Information for Scandinavian Products at the end of Year 4 follows. Current Assets Current Liabilities Fixed Assets, Net Investments Long-Term Debt Dividends Declared on Common Stock during the Year Income Summary income) Retained Earnings, January 1, Year 4 Common Stock Premium on Common Stock $900,000 400,000 600,000 100,000 500,000 50,000 225,000 2 150,000 250,000 Required: Find the ending balance in Retained Earnings as of December 31, Year 4. b. Find the beginning balance in Retained Earnings as of January 1, Year 4. a. + Dr. Muhammad U