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The equation that describes the relationship between the balance sheet and the income statement through the Retained Earnings account is as follows: a. Retained Earnings

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The equation that describes the relationship between the balance sheet and the income statement through the Retained Earnings account is as follows: a. Retained Earnings (beginning) -Net Income Retained Earnings (ending) b. Retained Earnings (beginning)+Net Income + Dividends - Retained Earnings (ending) c. Retained Earnings (beginning)-Net Income - Dividends Retained Earnings (ending) d. Retained Earnings (beginning) - Net Income + Dividends- Retained Earnings (ending) e. Retained Earnings (beginning) + Net Income- Dividends Retained Earnings (ending) 5

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