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Sammys Pizza opened on January 1, 2014. Sammys reported the following for cash revenues and cash expenses for the years 2014 to 2016:/ a. What

Sammys Pizza opened on January 1, 2014. Sammys reported the following for cash revenues and cash expenses for the years 2014 to 2016:/

a.

What would Sammys Pizza report for net income and retained earnings for the years 2014, 2015, and 2016?

Year Net Income Retained Earnings
2014
2015
2016
Cash Revenues Cash Expenses
2014 $ 15,000 $ 8,500
2015 $ 25,000 $ 11,500
2016 $ 35,000 $ 19,500

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