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CHCCR my w Presented in the bar charts are three columns for each of the...

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Accounting

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CHCCR my w Presented in the bar charts are three columns for each of the first three years of a company's operations. The three columns represent amounts reported at the end of each year - net income (left), dividends (middle), and retained earnings (right). Examine the graphs and respond to the following questions. Net Income, Dividends, and Retained Earnings $300 $250 $200 $150 $100 $50 100 100 NI Div RE Year 1 NI Div RE Year 2 NI Div RE Year 3 Click here to open the graph(s) in a new tab. Required: 1. What is the amount of Retained Earnings at the end of Year 1? 2a. At the end of Year 2 the company reports Net Income of $120. This amount includes: 2b. What amount of dividends did the company declare in Year 2? 2c. What is the ending balance of Retained Earnings in Year 2? 2d. The ending balance of Retained Earnings in Year 2 includes 3a. What amount of Net Income did the company report in Year 3? 3b. What amount of dividends did the company declare in Year 3? 3c. What is the ending balance of Retained Earnings in Year 3? 3d. The ending balance of Retained Earnings in Year 3 includes: Prev 10 of 10 8

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