matha.com/Student PlayerHomework.plhomeworld 53514026questioni flushed-truids c enterwinyes Intermediate Accounting (3) Erin Martin & 9/2/19 9:30 PM Save Homework: Chapter 4 Assignment 1 Score: 0 of 1 pt 8 of 115 complete) BE4-8 (book/static) HW Score: 42.02%, 4.62 of 11 pts Question Help in is first year of operations Jones Journals Inc recorded net income in the amount of 5470.000 Jones Journals also declared and paid a 525 000 dividend at yeared on December 31. Retained earnings at December 31 year 1 were 5445.000. In the second year, Jones incurred a net loss of $124.000 and paid out no dividends. What is the retained earnings balance of December 31 of year 2? s sign to enter a net Select the labels and compute the retained amings at the end of year 2 (Atbreviation used RE Retained earnings Usparentheses or a loss. Entra for accounts with a 50 balance) - Retained camnings at end of year 2 C athen All parts showing Check Answer xN os P2 w