Retained earnings, December 31, 2019 Decrease in total liabilities during 2019 Gain on the sale of buildings during 2019 Dividends declared and paid in 2019 Proceeds from sale of common stock in 2019 Net income for the year ended December 31, 2019 $336,480 73,280 25,760 7,200 79,040 36,160 Required: From the above data, calculate the retained earnings balance as of December 31, 2018. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Statement of Stockholders' Equity (Partial) For Year Ended December 31, 2019 Retained earnings, December 31, 2018 Retained earnings, December 31, 2019 At the beginning of its current fiscal year, Willie Corp's balance sheet showed assets of $14,200 and liabilities of $5,400. During the year, liabilities decreased by $900. Net income for the year was $2,750, and net assets at the end of the year were $8,950. There were no changes in paid.in capital during the year. Required: Calculate the dividends, if any, declared during the year. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Stockholders' Equity PIC + RE Assets $ 14,200 - Liabilities + $ 5,400 (900) $ Beginning: Changes: ol+ 0+ Ending: At the beginning of the current fiscal year, the balance sheet for Davis Co. showed liabilities of $416,000. During the year, liabilities decreased by $23,400, assets increased by $84,500, and paid-in capital increased from $39,000 to $249,600. Dividends declared and paid during the year were $32,500. At the end of the year, stockholders' equity totaled $557,700. Required: Calculate net income (or loss) for the year. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.) Assets Stockholders' Equity PIC RE $ 39,000 Liabilities $ 416,000+ (23,400) + Beginning Changes: 84,500 = Ending + $ 249,600 + ($557,700 total SE) Statement of Stockholders' Equity (Partial) Retained earnings, beginning Retained earnings, ending