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Revise the given year end information in your spreadsheet with the following values, and then answer the questions below: Dividends $ 2,400 Year 1 Year
Revise the given year end information in your spreadsheet with the following values, and then answer the questions below: Dividends $ 2,400 Year 1 Year 2 Year 3 Year 4 Revenue $ 16,600 6 ,600 46,600 91,600 Expenses $ 5,800 10,800 25, 800 40,800 5,400 10,400 Required: 1. Complete the table below based on your spreadsheet results: (Negative amount should be indicated by a minus sign.) Year Net Income Retained Earnings 2. Assume revenues increase 20% in both Years 1 and 4, what would the revised balances be? (Negative amount should be indicated by a minus sign.) Year Net Income Retained Earnings
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