Please see attached.

Determining Retained Earnings and Net Income Using the Balance Sheet The following Information is reported for Kinney Corporation at the end of 2013. Accounts Receivable $103,500 Retained Earnings $? Accounts Payable 49,500 Supplies Inventory 40,500 Cash 36,000 Equipment 621,000 Common Stock 495,000 a. Compute the amount of retained earnings at the end of 2013. $ b. If the amount of retained earnings at the beginning of 2013 was $135,000, and $54,000 In cash dividends were declared and paid during 2013, what was its net Income for 2013? $