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. Retained Earnings (Ending Balance) Net Income 2015 2016 Under Weighted Average Cost $102,800 82.800 105,300 145,600 311,900 324,100 Under FIFO $111,000 89,000 111,000 137,000 321,000 319,000 2017 Under FIFO $111,000 190,000 286,000 408,000 679,000 883,000 2018 2019 2020 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? 2018 2019 2020 $ $ $ $ $ Net income