Calculation of net income amp retained

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Reference no: EM13356183

Calculation of Net Income & Retained Earnings.

Calculate

1)net income

2)Retained earnings based on the information below. Be sure to show all work and label each answer clearly.

Sales

200,000

Cash

50,000

Total Liabilities

430,000

Operating Expenses

135,000

Common stock

20,000

Beginning retained earnings

500,000

Dividends paid

25,000

Reference no: EM13356183

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