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PLEASE ANSWER PART B and Check my work on PART A. Thank you Do not forget to label your numbers especially when doing an income

PLEASE ANSWER PART B and Check my work on PART A. Thank you

Do not forget to label your numbers especially when doing an income statement.

  1. A firm has net income of $95,000. Dividends are $35,000.
    1. How much does the firm put in retained earnings?

Calculation Workspace

Net income

$ 95,000.00

Dividends

($ 35,000.00)

To retained earnings

$ 60,000.00

  1. Give me three different scenarios in the above problem (A) (with funds going into retained earnings) that will make the balance sheet stay balanced. Please give dollar amounts.

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