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Name Directions: The answers for both parts must be either typed or handwritten legibly. Show all of your work. This Project is due in class

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Name Directions: The answers for both parts must be either typed or handwritten legibly. Show all of your work. This Project is due in class on March 19. 1. (5 points) At the beginning of 2021, the United Corp. had Retained Earnings in the amount of $800,000. Its net income for 2021 was $90,000. It paid a dividend in 2021 of $20,000 Required: What is the amount of its retained Earnings at the end of 2021? Question 2 on the reverse side 1

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