DW has an ending retained earnings balance of $51,700. If during the year DW paid dividends of $4,700 and had net income of $21,800, then what was the beginning retained earnings balance?
2) The ending retained earnings balance of Boomer Inc. decreased by $1.0 million from the beginning of the year. The company declared a dividened of $5.7 million during the year. What was the net income earned during the year?
3) Aikman Company has paid dividends of $2,560, $0, $1,430, and $1,040 over the first four years of the company's existence. If Retained Earnings after year four has an ending balance of $9,500, what is the average annual amount of net income (loss) over the past for years for Aikman?
4) Emmitt had the following final balances after the first year of opertations: assets, $35,300; stockholders' equity, $13,200; dividends, $2,100; and net income , $10,100. What is the amount of Emmitt's liabilities?