The Retained Earnings account of Centrio Co. on January 1, 20x1, had a balance of $300,000. Revenues and Expenses for 20x1 were $450,000 and $300,000, respectively. Dividends of $80,000 were paid during 20x1. What are the Net Income (NI) for 20x1 and the balance of the Retained Earnings account (RE) on December 31, 20x1