Linden Corporation started operations on January 1, 2012, and has used the FIFO cost formula since its inception. In 2021, it decides to switch to the weighted average cost formula. You are provided with the following information.

Net Income						Retained Earnings (Ending Balance)
		Under FIFO			Under Weighted Average Cost			Under FIFO

2015		$112,000			$101,600			$112,000
2016		88,000			81,900			190,000
2017		100,000			93,600			275,000
2018		123,000			132,700			383,000
2019		306,000			297,100			639,000
2020		312,000			316,500			836,000

Answer the following, ignoring income tax considerations.

What is the beginning retained earnings balance at January 1, 2017, if Linden prepares comparative financial statements starting in 2017? Beginning retained earnings balance, January 1, 2017 $__________

What is the beginning retained earnings balance at January 1, 2020, if Linden prepares comparative financial statements starting in 2020? Beginning retained earnings balance, January 1, 2020 $_____________

What is the beginning retained earnings balance at January 1, 2021, if Linden prepares single-period financial statements for 2021?

Beginning retained earnings balance, January 1, 2021 ? $______________

What is the net income reported by Linden in the 2020 income statement if it prepares comparative financial statements starting in 2018?

Net Income 2018? $__________		Net Income 2019? $____________		Net Income 2020 ? $_________