income and retained earnings relationships

Project Description:

assume that retained earnings increased by $375,000 from december 31,2011, to december 31,2012, for jarvie distribution corporation. during the year, a cash divident of $135,000 was paid.
1. compute the net income for the year.
2.assume that the revenue for the year were $830,000. compute the expenses incurred for the year.
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