Selected information for the Retained Earnings account of Half Foods Inc. is shown below. Required: based on your knowledge of retained earnings, determine the missing amounts.

2016 2017 2018

Retained Earnings, beginning of year $208,949 c) $ _______ d) $ ______

Net income 114,524 148,804 e) ______

Less: Dividends paid a) _______ -28,050 -5,478

Retained Earnings, end of year b) $ ______ $358,215 $598,570

Answers:

a)

b)

c)

d)

e)