Question: Exercise 1-24 The closing process LO 1-6 Sammy's Pizza opened on January 1,2014. Sammy's reported the following for cash revenues and cash expenses for the

Exercise 1-24 The closing process LO 1-6 Sammy's Pizza opened on January 1,2014. Sammy's reported the following for cash revenues and cash expenses for the years 2014 to 2016 Cash 2014 $12,000 $ 7,000 2015 $22,000 2016 $32,000 $18,00 $10,000 Required a. What would Sammy's Pizza report for net income and retained earmings for the years 2014, 2015, and 2016? Year Net Income Retained 2014 2015 2016 arn c. Assume that Sammy's Pizza paid a $3,000 dividend to stockholders in 2015. What would Sammy's Pizza report for net income and retained earnings for 2015 and 20167 Retained Year Net Income Earnin 2014 2015 2016 Type here to search

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