Soner company has had a net income of 6100 3600 10000 and

Reference no: EM13602882

Sooner Company has had a net income of $6,100, $3,600, $10,000, and $9,900 over the first four years of the company's existence. If the average annual amount of dividends paid over the last four years is $2,400, What is the ending retained earnings balance?

On January 1, 2012, Gucci Brothers Inc. started the year with a $492,000 balance in retained earnings and a $604,000 balance in common stock. During 2012, the company earned net income of $107,000, paid a dividend of $15,000, and issued more common stock for $23,500. What is total stockholders' equity on December 31, 2012?

Use the following appropriate amounts to calculate net income: Revenue, $11,700; Liabilities, $4,700; Expenses, $4,800; Assets, $17,600; Dividends, $1,900.

Reference no: EM13602882

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