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O Required information Year 1 Year 2 Year 3 Year 4 Revenue $16,600 6,600 46,600 91,600 Expenses $ 5,800 10,800 25,800 40,800 Dividends $ 2,400
O Required information Year 1 Year 2 Year 3 Year 4 Revenue $16,600 6,600 46,600 91,600 Expenses $ 5,800 10,800 25,800 40,800 Dividends $ 2,400 0 5,400 10,400 Required: 1. Complete the table below based on your spreadsheet results: (Negative amount should be indicated by a minus sign.) Year Net Income Retained Earnings 1 $ 16,600 6,600 2 3 46,600 91,600 4 2. Assume revenues increase 20% in both Years 1 and 4, what would the revised balances be? (Negative amount should be indicated by a minus sign.) Year Net Income Retained Earnings 1 2 3 4
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