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Please write as a text, that can be easily copied. 32. Anderson Inc. had...

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Accounting

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Please write as a text, that can be easily copied.

32. Anderson Inc. had the below account balances as of 12/31/20. Net income for the year ending 12/31/20 was $56,000, and dividends paid were $26,000. Beginning Retained Earnings as of 1/1/20 were $130,000. a. Calculate the Ending Retained Earnings Balance as of 12/31/20.| b. Prepare a Balance Sheet as of 12/31/20 in proper format. Use the Balance Sheet tab in the "F-S Example - 2Jrs " in Carvas as a guide for proper formatting. Your balance sheet must balance (A=L+E) to be correct. ( 10 pts total)

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