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pplying Financial Statement Relations to Compute Dividends a. Fill in the amounts for the Norfolk Southern statement of changes in retained earnings. Note: Use negative

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pplying Financial Statement Relations to Compute Dividends a. Fill in the amounts for the Norfolk Southern statement of changes in retained earnings. Note: Use negative signs with your answers, when appropriate. Norfolk Southern Inc. Consolidated Statements of Changes in Retained Income Beginning Balance at Dec. 31, 2015 $20.382 Net income Dividends on Common Stock (1.390) Share repurchases (1,462) Other (16) Ending Balance at Dec 31, 2016 20.850 Net income 10,808 Dividends on Common Stock Share repurchases (1,890) Other (10) Ending Balance at Dec 31, 2017 28,352 Net income 5.332 Dividends on Common Stock (1,688) Share repurchases Other 162 Ending Balance at Dec. 31. 2018 $26,880 b. Is it true (or false) that Norfolk Southern purchased its own shares back during each year from 2016 to 2018

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