HW Assignment 1 Navigation 23 4 5 6 & Finish attempt.. Question 5 Answer saved Marked out of 2.00 P Flag question Determining Retained Earnings and Net Income The following information appears in the records of Poco Corporation at year-end: Accounts Receivable 542,000 Retained Earnings S? Accounts Payable 21,000 Supplies 30,000 Cash 18,000 Equipment, net 105,000 Common Stock 139,000 a. Calculate the amount of retained earnings at year end. $0 b. If the amount of retained earnings at the beginning of the year was $25,000, and $10,000 in dividends is paid during the year, calculate net income for the year. SO