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.