The Retained Earnings amount needed for the Balance Sheet can be calculated as follows: Retained Earnings at the beginning of the period, plus Net Income as shown on the Income Statement for the accounting period Retained Earnings at the beginning of the period, less the sum of the revenue account balances, plus the sum of the expense account balances Retained Earnings at the beginning of the period, plus the sum of the revenue account balances, less the sum of the expense account balances two of the above are correct none of the above