L05 14W E1-8A. Deurmining Net Income The beginning and ending balances of retained earnings for the year were $50,000 and $65,000, respectively. If dividend payments during the year were $4,000, determine the net income or net loss for the year. The $19,000 net loss b. $19,000 net income $15,000 net income d. $11,000 net income in the record a. c. P1-2A. Financial Statements While each of the financial statements is likely to aid in any business decision, it is often the case that a particular financial statement may be best suited to help in a particular deci- sion. Consider each decision below independently: You are trying to determine whether a particular firm is a good investment. You understand that norances are imnacted heavily by a company's earnings potentia). a