Question 5: Information for Scandinavian Products at the end of Year 4 follows. Current Assets Current Liabilities Fixed Assets, Net Investments Long-Term Debt Dividends Declared on Common Stock during the Year Income Summary (income) Retained Earnings, January 1, Year 4 Common Stock Premium on Common Stock $900,000 400,000 600,000 100,000 500,000 50.000 225.000 150,000 250,000 Required: a. Find the ending balance in Retained Earnings as of December 31, Year 4. b. Find the beginning balance in Retained Earnings as of January 1, Year 4