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Below are approximate amounts related to retained earnings reported by five companies in previous years. 1....

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Accounting

Below are approximate amounts related to retained earningsreported by five companies in previous years. 1. Coca-Cola reportsan increase in retained earnings of $3.0 billion and net income of$6.5 billion. 2. Pepsico reports an increase in retained earningsof $3.2 billion and dividends of $2.4 billion. 3. Google reports anincrease in retained earnings of $1.58 billion and net income of$1.58 billion. 4. Sirius Satellite Radio reports beginning retainedearnings of ?$1.64 billion, net loss of $0.98 billion, and $0dividends. 5. Abercrombie & Fitch reports ending retainedearnings of $1.52 billion, net income of $0.41 billion, anddividends of $0.04 billion.

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