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Sammy's Pizza opened on January 1, Year 1. Sammy's reported the following for cash revenues and cash expenses for the years Year 1 to Year

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Sammy's Pizza opened on January 1, Year 1. Sammy's reported the following for cash revenues and cash expenses for the years Year 1 to Year 3: Year 1 Year 2 Year 3 Cash Revenues $18,000 $28,000 $38,000 Cash Expenses $10,000 $13,000 $21,000 Required a. What would Sammy's Pizza report for net income and retained earnings for the years Year 1. Year 2, and Year 3? Net Income Retained Earnings Year Year 1 Year 2 Year 3 C. Assume that Sammy's Pizza paid a $4,500 dividend to stockholders in Year 2. What would Sammy's Pizza report for net income and retained earnings for Year 2 and Year 3? Year Net Income Retained Earnings Year Year 2 Year 3

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