NION, HOY 18:45 HS. POR ESPN PREMIUM Midterm-Principles of Accounting | V s) Layout References Mailings Review View Help ' ' Aar 16-16-12-21 A A Text Predictions: On + 3 F3 E D X Q Search Paragraph F4 S4 3. Peter's balance of retained earnings at the end of the year was: Accessibility: Good to go $ 4 4. The accounting equation for Jose's Enterprises is as follows: 1. Peter's Mechanical Repair Shop started the year with total assets of $70,000, total liabilities of $50,000,- and retained earnings of $18,000. During the year, the business recorded $150,000 in auto repair revenues, $80,000 in expenses, and the company paid dividends of 25,000. The net income reported by Marvin's Mechanical Repair Shop for the year was: $70,000 2. Peter's balance of stockholders' equity at the start of the year was: R V Search F - V F5 Assets L5 5. The accounting equation for Robert's Enterprises is as follows: $460,000 S O+ Caption F6 = ( Liabilities 6 $230,000 If the company now purchases a truck on account for