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Question 4 5 pts Davis Corporation began the year with a 1,540,000 credit balance in Retained Earnings. During the year, the corporation earned 555,000
Question 4 5 pts Davis Corporation began the year with a 1,540,000 credit balance in Retained Earnings. During the year, the corporation earned 555,000 in net income and paid 162,000 in dividends. What is ending Retained Earnings? Please round your answers to the nearest whole dollar, use proper commas, and do not use dollar signs. Question 5 10 pts Using your Ending Retained Earnings figure from the previous question, compute Davis Corporation's total Stockholders' Equity assuming the corporation has issued 250,000 shares of $20.00 par value stock for $24.50. There was no purchase of treasury stock or other adjustments. Please round your answers to the nearest whole dollar, use proper commas, and do not use dollar signs.
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