Requirement $2.$ As GonzalesGonzales $$Corporation$\text{'}$s CEO, use the financial statements to answer these questions about the company. Explain each of your$$ answers, and identify the financial statement where you found the information.

a$.$ Did operations improve or deteriorate during the current$$ year?

Operations

improved

during the current year. Revenues

increased,

and net earnings

increased.

The amounts for revenues and net earnings are found on the

Income Statement.

Part $3$

b$.$ What is the company doing with most of its$$ income?

The company used most of its income to

retain it for use in the business.

Dividends are

much less than net earnings.

These amounts can be found on the

Statement of Retained Earnings.

Part $4$

Answer the following questions. $($Enter amounts in thousands as provided to you in the problem$$ statement.$)$

What were the dividends in the prior year?

What were the dividends in the current year?