Powered by 8 eCampus ePortfolios Community Content Collection HW Assignment 1 CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 4 Answer saved Marked out of 2.00 lag question Determining Retained Earnings and Net Income The following information appears in the records of Bock Corporation at year-end: Accounts Recevable $28,000 Retained Earningss Accounts Payable 12.000 Supplies 8,000 7,000 Eqipment, net 145,000 15,000 Common Stock a. Calculate the balance in Retained Earnings at year-end b. If the amount of the retained earnings at the beginning of the year was $38,000 and $13,000 in dividends is paid during the year, calculate net income for the year Answers Previous page Next page MacBook Air 808 5