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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
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 3: Year 1 Cash Revenues Year 2 Year 3 $13,000 $23,000 $33,000 Cash Expenses $ 7,500 $10,500 $18,500 Required a. What would Sammy's Pizza report for net income and retained earnings for the Years 1, 2, and 3? c. Assume that Sammy's Pizza paid a $3,250 dividend to stockholders in Year 2. What would Sammy's Pizza report for net income and retained earnings for Year 2 and Year 3? Complete this question by entering your answers in the tabs below. Required A Required C What would Sammy's Pizza report for net income and retained earnings for the Years 1, 2, and 37 Year Year 1 Net Income Year 2 Year 3 Retained Eathings Required A Required C Assume that Sammy's Pizza paid a $3,250 dividend to stockh income and retained earnings for Year 2 and Year 3? Year Net Income Retained Earnings Year 2 Year 3
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