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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: Cash Expenses $ 6,500 Year 1 Year 2 Year 3 Cash Revenues $11,000 $21,000 $31,000 $ 9,500 $17,500 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 $2,750 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 Earnings
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