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Required: Below are approximate amounts related to retained earnings reported by five companies in previous years 1. A company reports an increase in retained earnings

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Required: Below are approximate amounts related to retained earnings reported by five companies in previous years 1. A company reports an increase in retained earnings of $2.6 billion and net income of $5.7 billion. What is the amount of dividends? 2. A company reports an increase in retained earnings of $28 billion and dividends of $20 billion. What is the amount of net income? 3. A company reports an increase in retained earnings of $154 billion and net income of $154 billion. What is the amount of dividends? 4. A company reports beginning retained earnings of - $1,72 billion, net loss of $0.94 billion, and $0 dividends. What is the amount of ending retained earnings? 5. A company reports ending retained earnings of $1.44 billion, net income of $0.37 billion and dividends of $0.06 billion. What is the amount of beginning retained earnings? (Enter your answers in billions rounded to 2 decimal places. Negative amounts should be indicated by a minus sign.) 1 Dividends 2 Not income Didends 4 Ending Retained Earnings 5. Beginning Retained Earnings son billion billion billion bilion

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