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You find the following information in Ship Co.'s financial statements: Net Income FYE 12/31/X1 $1,000 Dividends FYE 12/31/X1 $ 200 Retained Earnings 1/1/X1 $ 100

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You find the following information in Ship Co.'s financial statements: Net Income FYE 12/31/X1 $1,000 Dividends FYE 12/31/X1 $ 200 Retained Earnings 1/1/X1 $ 100 Cash $ 500 What is Ship Co.'s balance in Retained Earnings at 12/31/X1 $900 $1,100 O $1,400 $1,600 $

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