Exercise 1. What would be the increase in common stock if paid-in capital is 1,500 and par value for all shares 3,000 Beginning retained earnings: Net income for the year: Dividends paid: Retained earnings = 98,000 153,000 45,500 Exercise 2. What is the net income for Company A this year considering the following financial information: Sales COGS SG&A Depreciation Interest expense 105 24 13 20 9