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Corp X has been in business for 3 years. Yr1 NI was 100, Yr 2 Nl was 200 and Yr 3 NI was 300. At the end of Yr 3, the company paid dividends/drawings to the stockholders = $100. What must be the amount of RE at the end of year 3? RE = 300 RE = 500 RE = 600 Following the double entry accounting, if an Asset increase after recording a transaction then something else must likely also is taking place: A liability increases by same amount All are possible scenarios and correct Equity increases by same amount Another asset decreases by same amount