Activity 4.b-Using the Expanded Accounting Equation Using the expanded accounting equation, calculate and enter the answers for each question. You will need to use the answers you calculate for beginning and ending retained earnings to answer the rest of the questions. Use a minus sign or parentheses for any net loss. HINT Assets Beginning of Year: $25,000 End of Year: Liabilities $18,000 $63,000 $28,000 1) What is the retained earnings at the beginning of the year? Beginning Retained Earnings 2) What is the retained earnings at the end of the year? Ending Retained Earnings