Question 21 Not complete Marked out of 0.83 Determining Retained Earnings and Net Income The following information appears in the records of Bock Corporation at year-end: $? 9,000 154,000 Accounts Receivable $23,000 Retained Earnings Accounts Payable 11,000 Supplies Cash Common Stock P Flag question 8,000 Equipment, net 110,000 a. Calculate the balance in Retained Earnings at year-end. Check b. If the amount of the retained earnings at the beginning of the year was $30,000 and $12,000 in dividends is paid during the year, calculate net income for the year. $0

Determining Retained Earnings and Net income The following information appears in the recerds of Bock Corporation at yeariend: a. Caiculate the balance in fletaned farnings at yeat-end b. If the amount of the retained earnings at the beginning of the year was $30,000 and $12,000 in dividends is paid during the year, calculate net income for the year. Determining Retained Earnings and Net Income The following information appears in the records of Bock Corporation at year-end: a. Calculate the balance in fletained farnings at year-end. 1 b. If the amount of the retained earnings at the beginning of the year was 530,000 and $12000 in dividends is paid during the year, caiculate net income for the year