Net Income, Dividends, and Retained Earnings $300 $250 110 $200 $150 90 90 $100 150 120 $50 100 80 80 80 20 30 40 $0 NI Div RE NI Div RE NI Div RE Year 1 Year 2 Year 3 1. What is the amount of Retained Earnings at the end of Year 1? 2a. At the end of Year 2, the company reports Net Income of $120. This amount includes: 2b. What amount of dividends did the company declare in Year 2? 2c. What is the ending balance of Retained Earnings in Year 2? 2d. The ending balance of Retained Earnings in Year 2 includes: 3a. What amount of Net Income did the company report in Year 3? 3b. What amount of dividends did the company declare in Year 3? 3c. What is the ending balance of Retained Earnings in Year 3? 3d. The ending balance of Retained Earnings in Year 3 includes