Tresented in the line graphs below are trends in revenues and expenses for each of three companies over their first six years of operations. The balance of the Retained Earnings account at the end of each year is represented by the gray bars, Each company has the same amount of revenues in Year 1 and the same amount of expenses in Yeat 1 Assume no dividend's were pald by any of the componies. Company C Revenues, Expenses, and Retained Earnings $32,000,000 $20,000,000 RetainedEarningsRevenuesExpenses Required: 1. For Company A, the difference between revenues and expenses is the same in each of the six years. Therefore, the company's balance of Retained Earnings over the six years: 2. Company B has the same amount of expenses as Company A in each year, but revenues are growing at a faster pace. Therefore, by the end of Year 6, Company B's balance of Retained Earnings will be: 3. Company C has the same amount of revenues as Company A in each year, but expenses are growing at a faster pace. Therefore, by the end of Year 6, Company C's balance of Retained Earnings will be: 4. In a year that Company C reports expenses greater than revenues, the balance of Retained Earnings: 5. By the end of Year 6 , Company C's balance of Retained Eamings is: 6. If any of these companies had paid dividends in any year, their balances of Retained Earnings by the end of year 6 would have been: Saved fore, the faster pace. faster pace. Increases each year by the same amount Decreases by the same amount each year Remains the same each year ch of the six years. Therefore, the venues are growing at a faster pace. xpenses are growing at a faster pace. of Retained Earnings: More than Company A's ined Earnings by the end of year 6 Less than Company A's Same as Company A's Increases Decreases Remains the same Higher Lower Same Tresented in the line graphs below are trends in revenues and expenses for each of three companies over their first six years of operations. The balance of the Retained Earnings account at the end of each year is represented by the gray bars, Each company has the same amount of revenues in Year 1 and the same amount of expenses in Yeat 1 Assume no dividend's were pald by any of the componies. Company C Revenues, Expenses, and Retained Earnings $32,000,000 $20,000,000 RetainedEarningsRevenuesExpenses Required: 1. For Company A, the difference between revenues and expenses is the same in each of the six years. Therefore, the company's balance of Retained Earnings over the six years: 2. Company B has the same amount of expenses as Company A in each year, but revenues are growing at a faster pace. Therefore, by the end of Year 6, Company B's balance of Retained Earnings will be: 3. Company C has the same amount of revenues as Company A in each year, but expenses are growing at a faster pace. Therefore, by the end of Year 6, Company C's balance of Retained Earnings will be: 4. In a year that Company C reports expenses greater than revenues, the balance of Retained Earnings: 5. By the end of Year 6 , Company C's balance of Retained Eamings is: 6. If any of these companies had paid dividends in any year, their balances of Retained Earnings by the end of year 6 would have been: Saved fore, the faster pace. faster pace. Increases each year by the same amount Decreases by the same amount each year Remains the same each year ch of the six years. Therefore, the venues are growing at a faster pace. xpenses are growing at a faster pace. of Retained Earnings: More than Company A's ined Earnings by the end of year 6 Less than Company A's Same as Company A's Increases Decreases Remains the same Higher Lower Same