Income statement:
Revenues= 5,320
Expenses= $4,830
Net income= 490

Statement of retained earnings:
Beginning balance= $1,800
Net income= ?
Less Dividends= ?
Ending balance= $2,100
Total assets= $2,700
Liabilities= $400

Stockholders' Equity:
Common stock= $200
Retained earnings= $2,100
Total Liabilities and stockholder equity= $2,700

Can you please help me find Net income and Less dividends?

I might be missing something but the income is given $490, dividends are $190.

Thank you for your help with this question and the other one. I don't know how I could miss something as easy as that. Thank you again :)

Quote:

---

Originally Posted by asastring

I might be missing something but the income is given $490, dividends are $190.

---