Question: Data Visualization 18-2 Effect of Assets and Liabilities on Risk Presented in the bar charts are three columns for each of the first three years

Data Visualization 18-2 Effect of Assets and Liabilities on Risk

Presented in the bar charts are three columns for each of the first three years of a companys operations. The three columns represent amounts reported at the end of each year net income (left), dividends (middle), and retained earnings (right). Examine the graphs and respond to the following questions.

Required:

1. What is the amount of Retained Earnings at the end of Year 1?

2a. At the end of Year 2, the company reports Net Income of $120. This amount includes:

2b. What amount of dividends did the company declare in Year 2?

2c. What is the ending balance of Retained Earnings in Year 2?

2d. The ending balance of Retained Earnings in Year 2 includes:

3a. What amount of Net Income did the company report in Year 3?

3b. What amount of dividends did the company declare in Year 3?

3c. What is the ending balance of Retained Earnings in Year 3?

3d. The ending balance of Retained Earnings in Year 3 includes:

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