U Cultural noms d. All of these are correct QUESTION 4 Carlos Company has assets on January 1, 2020 1.200,000. Tabilities of 5400,000 and common stod of $200.000. During the year. Carlos generates $250,000 on his income statement as net income. What is the ending balance of retained earnings on December 31, 20207 $850,000 Ob $600,000 . $700,000 Od.51,200.000 QUESTION 5