Retained earnings and paid in capital-net income


Problem:

Total Assets                                           420,000               540,000            325,000

Total Liabilities                                        215,000               145,000              _____

Paid in capital                                           75,000                 _____              40,000

Retained earnings                                     _____                 310,000            ______

Net Income                                               _____                  83,000            113,000

Dividends declared and paid in 2010           50,000                  19,000             65,000

Retained earnings                                     75,000                   ______            42,000

Please verify the correct way to figure:

Retained earnings, paid in capital, net income in the table above.

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Accounting Basics: Retained earnings and paid in capital-net income
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